EVA is the largest chain of beauty and health stores in Ukraine, which has become a true leader in the drugstore segment. The company, which offers a wide range of cosmetics, perfumes, baby care products and household goods, today has over 1,000 stores throughout Ukraine and is actively developing its online store EVA.UA, writes IZ. It occupies a key position in the market thanks to its assortment, loyalty programs, innovative sales approaches and high service standards. But who is behind this successful company? Let's take a look at who the owners and managers of EVA are, and also find out how much the company is worth and what its financial condition is.
Content
- History of the creation of EVA
- Who owns EVA?
- Who is the CEO of EVA?
- Financial condition and value of the company
- Development prospects
History of the creation of EVA
The history of EVA began in 2000, when two businessmen from Dnipro — Ruslan Shostak and Valeriy Kiptyk — founded a chain of beauty and health stores. From the very beginning, EVA became popular due to its wide range of products for women, including cosmetics, care products and accessories. Within a few years, the chain began to actively expand, opening new stores throughout Ukraine, and also launched its own brands, which became an important component of its business model.
Ruslan Shostak and Valeriy Kiptyk. Photo: trademaster.
Since the early 2010s, EVA has placed significant emphasis on the development of online sales, which has allowed the company to significantly increase its presence in the market. In 2020, despite the economic difficulties caused by quarantine, the company successfully adapted to the new conditions, taking its online sales to a new level. Since then, EVA has become a leader in the online sales market of cosmetics and perfumes in Ukraine.
Who owns EVA?
The owners of the EVA chain are Ruslan Shostak and Valeriy Kiptyk. Both businessmen have experience in retail and are founders of other successful projects, such as the retailer VARUS. They own a controlling stake in the company, which allows them to fully control the development of the chain and influence strategic decisions.
It is worth noting that Shostak and Kiptyk are not limited to managing EVA alone – they are actively developing other businesses, in particular in the retail sector. Their experience and strategic vision have allowed EVA to take leading positions in the Ukrainian market.
Who is the CEO of EVA?
The company is currently headed by Olga Shevchenko , who holds the position of Executive Director. Olga Shevchenko has significant experience in the retail sector and actively implements innovative solutions for the development of EVA's business. Her work in the company has allowed it to successfully adapt to changes in the market, in particular during the pandemic, when many stores were forced to close and the company increased its sales online.
Olga Shevchenko. Photo: Ukrainian Retailers Association.
Financial condition and value of the company
According to the results of 2023, EVA demonstrates significant financial results. The company received revenue of 21 billion hryvnias, and its profit amounted to 2.1 billion hryvnias. It should be noted that EVA is actively developing, in particular through the opening of new stores, expanding the range of its own brands and growing online sales. In 2023, the company opened 44 new stores, investing 3.3 million hryvnias in each store. In addition, EVA is actively working to increase the number of its partners and sellers in the online segment, which helps it fight for a share in the e-commerce market.
In 2021, EVA was included in the list of “ 100 largest private companies in Ukraine ”, which is a significant achievement for the company. However, it is difficult to say about the exact value of the company, since the market is constantly changing, and EVA does not disclose its valuation. However, it can be assumed that given the huge network of stores, large sales volume and active development of online sales, the company could be worth several billion dollars.
Development prospects
EVA continues to actively develop its business lines, in particular through the launch of new store formats, such as ” Women's Energy ” and EVA Beauty , as well as through expansion into online trading. It is investing in technology and advertising, striving to overtake its main competitor in the online segment – MakeUp. In recent years, the company has also begun exporting its products to international markets, in particular to Belarus, Armenia and Lithuania .
As a reminder, we previously wrote about the owners, managers, and market value of Metinvest.