Which international brands and companies have already returned to Ukraine?
The full-scale invasion of russia forced international companies to suspend their operations in Ukraine, but many of them have already returned. Find out which companies have resumed operations despite the war and who Ukrainians are still waiting for in Ukraine
The war in Ukraine has forced international companies to close their offices and stores and suspend operations for an indefinite period of time. This is primarily due to the risks posed by a full-scale invasion of russia. However, a large number of international companies have already resumed operations, particularly in the safe regions of Ukraine.
We will tell you which companies have already returned to Ukraine and why they are resuming business despite the war in the article below.
Read more about the peculiarities of doing business in times of war, according to Anton Taranenko, CEO of Visit Ukraine, here.
Which international companies have already returned to Ukraine despite the war?
Some of the most famous international companies that have resumed operations during the war include:
- LPP (Reserved, Cropp, House, Mohito and Sinsay)
- Argo (Benetton, Mango, Desigual, Parfois, Sisley, Lee Coper, Vero Moda)
- New Yorker
At the same time, Ukraine is still waiting for the return of IKEA and Inditex Group (Zara, Bershka, Massimo Dutti, Stradivarius, Pull&Bear).
Read more about the regions where Ukrainian companies have relocated to when fleeing the war here.
Why do international companies return to Ukraine despite all the risks?
Returning to the Ukrainian market is not an easy task, as companies need to rebuild the entire process of operating in the Ukrainian market. Starting with logistics issues and the need to take additional care of employee safety, and ending with the lack of a clear business strategy.
And it is impossible to build it because there are no tools that would allow to accurately predict sales and profitability of returning to the Ukrainian market, which is primarily due to the fact that most Ukrainians have faced a decline in income and the fact that the solvent population of Ukraine has now significantly decreased.
However, foreign companies are finding other advantages to resuming operations in Ukraine. These include:
- low level of competition;
- high level of pent-up demand;
- high level of customer loyalty.
In addition, each newly opened office or store means at least new jobs and tax revenues for the state budget. But we should not forget that the return of an international brand to Ukraine is also a loud signal to the world, including that Ukraine is a reliable partner worth working with.
We remind you! For more than a year and a half, Ukrainian entrepreneurs have been suffering huge losses and facing new challenges on a daily basis. Read more about how business in Ukraine is adapting to the military realities in our previous article.
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The simultaneous stay of visitors in the hotel lobby not more than one person per 10 square meters of serviceable area is allowed.
Persons can visit hotels and stay there (outside hotel room) only if they wear respirator or face mask (including homemade mask), so that the nose and mouth are covered.
Hotel guests are obliged to keep the 1.5 meters distance.
Online check-in making in advance is recommended to avoid queues at check-in to hotel.
Meals in hotels are provided through meals delivery service to rooms upon prior order or at hotel restaurants situated inside or in open areas, provided the distance of at least 1.5 meters between seats at adjacent tables.
Not more than 4 clients are allowed to stay at the table (excluding children under 14 years old). Unless these tables are separated by a special partition;
Self-serve is not allowed.