The Antimonopoly Committee of Ukraine (AMCU) has officially authorized LLC Omega, the operator of the VARUS supermarket chain, to acquire control over LLC Aretail, the company behind the “Kolo” convenience store network. This transaction, set to be one of the largest in the retail market in 2026, marks a significant consolidation within the Ukrainian “convenience retail” sector.
Strategic Expansion into Convenience Retail
The acquisition allows VARUS to expand its footprint in the neighborhood store segment, a format focused on essential daily goods and quick shopping experiences. According to the AMCU, the transition involves the transfer of control from BGV Group Management, the investment group of Gennady Butkevich that currently owns “Kolo,” to the VARUS operator. While VARUS currently operates 120 supermarkets—the first of which opened in Dnipro in 2003—the addition of “Kolo” brings 254 established locations across Kyiv, the Kyiv region, Odessa, and the Odessa region into its portfolio.
Did You Know? The “Kolo” network was founded in February 2017 and has grown to encompass 254 stores, specifically targeting the convenience store market in major urban centers.
Integration Plans and Market Context
VARUS has stated its intention to retain the existing professional team at “Kolo” to ensure operational continuity. Further integration steps are expected to follow, subject to legal requirements and the goal of maintaining stable business operations for customers. This move comes during a period of notable restructuring in the Ukrainian retail landscape.
Shifting Retail Landscape in Ukraine
The retail sector has seen several significant changes recently. The supermarket chain “Arsen” has confirmed the closure of all its stores, while other networks, including “Fresh,” “Soyuz,” and “Kvartal,” have also ceased operations in various regions. These closures were linked to a move in May where the Antimonopoly Committee granted “Silpo” permission to acquire real estate and equipment formerly held by the “Evrotek” group, which included the “Arsen,” “Fresh,” “Soyuz,” and “Kvartal” brands. Additionally, the Turkish footwear retailer SuperStep announced it would exit the Ukrainian market by closing its stores between May and June.
Frequently Asked Questions
Who approved the acquisition of “Kolo” by VARUS?
The Antimonopoly Committee of Ukraine (AMCU) issued the official permission for LLC Omega to acquire control over LLC Aretail.
What will happen to the employees of the “Kolo” network?
VARUS has announced plans to retain the professional team currently working at the “Kolo” chain.
How many stores does the “Kolo” network currently operate?
“Kolo” operates 254 stores, primarily located in Kyiv, the Kyiv region, Odessa, and the Odessa region.
How do you think this consolidation will affect the availability of essential goods in your neighborhood?
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