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Fozzy Group

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The Fozzy Group Corporation
Company typePrivately held company
IndustryRetail supermarkets, stores and restaurants. Food production and canning
Founded1997 (1997) [1]
Headquarters
Kiev
,
Ukraine [1]
Key people
Ms. Nadiya Bondareva, CEO; Vladimir Kostelman, President [1]
ProductsCanned foods, sausage, poultry, portable toilets
ServicesFood retailing, food processing, food export, catering [1][2]
Number of employees
Over 30,000 [3]
Websitewww.fozzy.ua

Fozzy Group is a group of companies that owns and manages retail stores in Ukraine.[4] Based in Kiev, it is Ukraine's largest supermarket company and food retail group.[4][5] The company has had operations in Ukraine since 1997, and operates Silpo supermarkets, Fozzy C&C hypermarkets, convenience markets Fora, Bila Romashka pharmaceutical supermarkets, Le Silpo premium format stores, ringoo electronics stores, and restaurants.[5][6][7] Restaurants operated by the company are U Khromogo Pola, Staromak, U Golema, La Bodeguita del Medio, Divan.[5][6]

As of August 2012, the company owns and operates 233 Silpo supermarket stores in Ukraine,[4] and markets its own private label brand of products under the name "Premiya." Additionally, Fozzy Group imports wines from various wine-producing regions and wineries into Ukraine.

At the end of March 2015, Fozzy Group launched an online-shop with delivery in Kiev.

Industries

Fozzy Group operates the CJSC (Nezhinskiy canning) production facilities for the Nizhyn brand of canned fruit and vegetables.[3][5] The company exports its canned food products internationally, including to North America, Eastern Europe and Asia.[1] Additional industrial lines owned and operated by the company are a poultry farm named Varto Ltd.,[5] a meat-processing plant named Ruta LLC that produces manufactured meat and sausages, and a company named Eco-service Ukraine LLC involved in the commerce and servicing of portable toilets.[3]

Premiya

The company markets products under its own private label brand named "Premiya".[8][9][10] Some products under the Premia brand include certified organic sturgeon caviar, sandwiches and cream cheese.[10] Another Premiya-brand product is fresh live herbs for cooking that are sold to the customer planted in pots.[10]

Wine importing

Fozzy Group also imports wines into Ukraine from 34 wine producers (as of May 2011), including brands from Italy, Germany, Hungary, France, Italy, Chile, Argentina, New Zealand, and South Africa.[11]

In February 2003, the Ukrainian Prosecutor General’s Office announced that several cases involving tax evasion, counterfeit vodka and illegal equipment sales had been opened against Fozzy Group.[12] Additionally, accusations were made by the Prosecutor General’s Office that Fozzy Group engaged in illegal money laundering.[12] At the time, Vladimir Kostelman, President of the company, stated that the Prosecutor General’s Office findings regarding tax evasion were based upon incorrect figures, and that Fozzy Group had not engaged in any illegal activities.[12] It was also reported at the time that Kostelman "hinted that his company was framed by tax officials and that Ukrainian businesses are currently not safe from corruption."[12]

See also

References

  1. ^ a b c d e "Company Overview of The Fozzy Group Corporation". Bloomberg Businessweek. Retrieved December 1, 2012.
  2. ^ "Fozzy Group". Fozzy.ua. Retrieved December 1, 2012.
  3. ^ a b c "Our Trademarks". Fozzy.ua. Archived from the original on April 5, 2012. Retrieved December 1, 2012.
  4. ^ a b c Interfax-Ukraine (August 6, 2012). "Fozzy Group expands Silpo supermarket chain to 233". Kyiv Post. Retrieved December 1, 2012.
  5. ^ a b c d e Interfax-Ukraine (July 6, 2009). "Fozzy Group opens 5th Bila Romashka pharmaceuticals supermarket". Kyiv Post. Retrieved December 1, 2012.
  6. ^ a b Fomina, Olena (November 16, 2005). "Fozzy launches restaurant division". Retrieved December 1, 2012.
  7. ^ "Investigation: Fozzy Group has become the largest retailer in Ukraine in 2010". All Retail Magazine. March 30, 2011. Retrieved December 1, 2012.
  8. ^ "PLTM "Premiya": growth by 600% for two years of its activity". Fozzy.ua. September 12, 2008. Archived from the original on November 13, 2012. Retrieved December 1, 2012.
  9. ^ Sinitsyn, Elena Z.; Golubeva, Alain B. (November 29, 2006). "Fozzy Group has awarded itself "Premium"" (in Russian). Kommersant-Ukraine. Retrieved December 1, 2012.
  10. ^ a b c "Own brands Fozzy Group won in three categories of the National Award "Private Label 2010"" (in Russian). News Kompass. September 19, 2010. Retrieved December 1, 2012.
  11. ^ "Fozzy Group first to introduce red wines from Inama to Ukraine". All Retail Magazine. May 30, 2011. Retrieved December 1, 2012.
  12. ^ a b c d "Government investigates Fozzy taxes". Kyiv Post (in Russian). February 13, 2003. Retrieved December 1, 2012.

Further reading

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