Germany’s REWE Group, developing the Billa supermarket chain in Central and Eastern Europe, does not plan to leave Ukraine.
“Billa continues operating in Ukraine and would be successfully present on the Ukrainian market. We do not plan to leave Ukraine,” Rewe International AG, the subsidiary of the German concern, reported.
The company confirmed that the chain could close one or several stores in the regions.
“As each retail company, we are regularly analyzing our store portfolio. It could happen that we would close a regional store outside Kyiv,” the company said.
Enterprise with foreign investment Billa-Ukraine develops Billa stores in Ukraine.
Billa-Ukraine was founded in 1998 by Austria’s Billa, a subsidiary of Germany’s REWE Group, which was founded in 1927 in Cologne.
In Ukraine, the first Billa supermarket opened in Kyiv in February 2000.
According to a posting on the website of Billa-Ukraine, as of June 30 the chain unites 34 supermarkets in the country. (Interfax-Ukraine/Business World Magazine)
