Automatically translated version. May contain inaccuracies compared to the original.
Ukraine's grocery retail is becoming increasingly concentrated around the largest players. In 2025 year, the top 10 networks accounted for more than 27% of the country's total retail turnover, and their owners are both Ukrainian entrepreneurs and foreign investors.
Key: ATB is controlled by Gennadiy Butkevich, Yevhen Yermakov, and Viktor Karachun — each holding 33,3%. The controlling stake of Fozzy Group (51%) belongs to Volodymyr Kostelman, with 23,5% held by Roman Chigr and Oleg Sotnikov, Yuriy Hnatenko holding 2,5%. Novus is controlled by Marina Poznyakova (50%), Raimondas Tubenas (39,6%), and Agne Ruzgiene (10,4%). Varus belongs to Ruslan Shostak and Valeriy Kiptych — 50% each. Butkevich's wealth is estimated at 678 million dollars. By turnover, ATB remains first — 247,3 billion hryvnias and 40% of the market. They are followed by Fozzy Group (165,9 billion UAH), Novus (34,69 billion UAH), and Varus (24,09 billion UAH). ATB: From Fuel to Discounters The ATB network grew out of the AgroTechBusiness corporation, which started with wholesale fuel trading in 1993 year. Gennadiy Butkevich headed law enforcement structures of Dnipropetrovsk region and the security service of the corporations “Spivdruzhnist” and the EESU in the 1990-s, and in 1996 year became the owner of the Yuvileiniy meat processing plant. By 2013 year ATB surpassed Fozzy Group through cost optimization and in-house production. The company is owned in three equal shares by Dnipro businessmen Butkevich, Yevhen Yermakov, and Viktor Karachun. In 2025 year, the Focus magazine valued Butkevich's capital at 678 million dollars. Fozzy, Novus, and Varus: another success story Fozzy Group (Silpo, Fora, Trush) started in Dnipro in the 1990-s as a student business selling coffee, tea, chocolate, and cigarettes. Its key owner with a 51% stake is Volodymyr Kostelman. The rest hold 23,5% — belonging to classmates Oleg Sotnikov and Roman Chigir. Minor shareholder with 2,5% is Yuriy Hnatenko. Novus entered Kyiv in 2008 year thanks to the Lithuanian BT Invest group led by Raimondas Tumenas (39,6%), and now shows the highest margin among the top players — 1,63%. Half of the company's shares are owned by Marina Poznyakova. Another 10,4% is held by Agne Ruzgiene. Varus 50/50 belongs to Ruslan Shostak and Valeriy Kiptyk and is part of the Terwin corporation.
Also read: Oil barons. Who owns Ukraine's largest gas stations networks and who dictates prices
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