Oleksandr Volodymyrovych Hereha (Ukrainian: Олекса́ндр Володи́мирович Гере́га; born 27 June 1967) is a Ukrainian billionaire, businessman, philanthropist and politician currently serving as a People's Deputy of Ukraine from Ukraine's 192nd electoral district since 12 December 2012. One of the richest men in Ukraine, Hereha and his wife Halyna founded the group of companies Epicentr K construction hypermarkets and the Nova Liniya construction hypermarket chain. He is one of the richest men in Ukraine, with a net worth of $1.7 billion in 2021.
Hereha began working as a schoolboy, working at the local bread factory and sovkhoz on school holidays. In 1991, he founded a ceramic tiling and plumbing fixture service, before opening a retail store in 1996.[1]
In 2003, Hereha and his wife Halyna founded Epicentr K LLC, which later became Ukraine's largest chain of construction and household hypermarkets, Epicenter. The first store of the chain was opened in 2005 on Bratislavska Street in Kyiv. From 2003 to October 2012, he headed the Epicenter K Limited Liability Company.
In 2013, Epicenter K LLC acquired a controlling stake in Nova Liniya construction supermarkets.[2] In the same year, the Kalynivka logistics complex was acquired. In July 2015, the newly built Kalynivka customs terminal was opened on its basis.[3]
In August 2016, the company launched a partnership project - the online store 27.ua. In 2019, the Epicentrk.ua online store was created on its technical platform.[4]
In September 2015, Epicenter signed a partnership agreement with Intersport, an international chain of sporting goods stores.[5]
As of 2021[update], 60 million people use Epicentr K's online services. Epicentr K has also forayed into agribusiness, owning its own production facilities and absorbing 19 production facilities in 2017.[1]
In 2020, Epicenter began developing its marketplace. In the same year, it bought a controlling stake (80%) in the Vinnytsia Agro-Industrial Group holding.[6][7] The Hereha family has invested over ₴6 billion into agribusiness, with plans to invest an additional ₴2.5 billion in 15 grain elevators with a total capacity of 1.5 million tons of grain storage.[8]
The acquisition of the new assets brought the total area of land under cultivation of Epicenter Agro's agricultural enterprises to 160 thousand hectares in 5 regions (Vinnytsia, Khmelnytsky, Ternopil, Kyiv, Cherkasy, and Zhytomyr).[9] The company grows grains and oilseeds: wheat, corn, sunflower, rapeseed, and soybeans. 20 livestock farms are owned by the Herehas. In 2019, they invested ₴3 billion into the development of a ceramic tile factory in Kalynivka, Fastiv Raion, Kyiv Oblast.[10]
Hereha is one of the richest people in Ukraine, with a net worth of $1.7 billion according to Kyiv Post in 2021. According to the Pandora Papers, Hereha and his wife own five offshore companies in Cyprus.[11]
In 2019, the Hereg couple invested UAH 3 billion in the construction of a plant for the production of ceramic tiles and porcelain stoneware by Epicentr Ceramic Corporation in Kalynivka, Kyiv region.[12] The group's woodworking enterprise, the Osmoloda CSM, is also located in Kalush, Ivano-Frankivsk region.[13]
In 2020, Epicenter K entered into an agreement with the Polish company OTCF to develop a mono-branded 4F store chain in Ukraine.[14] In the same year, Epicenter began developing the country as a franchise of The Athlete's foot (TAF) sportswear and footwear chain. The brand is a subsidiary of Intersport International Corporation.[15]
In March 2022, Multiservice dry cleaners were launched in the chain's stores, with the first outlets opening in a shopping center in Ivano-Frankivsk and on Polyarna Street in Kyiv.[16] In 2023, it became known that the Hereg couple had purchased the Polish Intersport chain for €10 million.[17]
Business activities in Russia and Russian-occupied Crimea
In 2018, it became known that the Hereha family had continued the operations of Epicentr K in Crimea following the peninsula's 2014 annexation by Russia. It was additionally discovered that they had been operating a company in Russia's Moscow Oblast.[18] Hereha has claimed that he does not control Epicentr K in Crimea since the Russian annexation.[11]
He is a member of the groups on inter-parliamentary relations with the Kingdom of Spain; the Italian Republic; the United States of America; the Swiss Confederation; the Republic of Poland; the Kingdom of the Netherlands; the Republic of Azerbaijan; the Ukrainian part of the Interparliamentary Assembly of the Verkhovna Rada of Ukraine, the Seimas of the Republic of Lithuania and the Seimas and Senate of the Republic of Poland.[24][25]
Public activities
In 2004, Hereha founded the Epicenter for Children Foundation, which develops social and sports schools.[26]
In 2011, he founded the charitable foundation “Oleksandr and Halyna Hereh Foundation.”[27]
In 2012, he founded the Khmelnytsky regional public organization “For Specific Causes”, which specializes mainly in helping veterans,[28] repairing hospitals and schools,[29] and equipping gyms.
In April 2013, he was elected president of the Ukrainian Weightlifting Federation."[30]
On June 16, 2017, he was elected vice president of the Ukrainian Football Association (UAF),[31] and in August 2020, he was elected first vice president of the Volleyball Federation of Ukraine.
In the first days after Russia's full-scale invasion of Ukraine, the co-owners of the Epicenter allocated more than 400 million UAH to help the Ukrainian military.[32]
Together with the Kyiv City State Administration, in February 2022, the Humanitarian Headquarters was organized to provide the Armed Forces, the military and the population.[33] Epicenter provided its own premises,[34] vehicle fleet, labor force, and strategic stocks of goods.
The company ensured the reception and dispatch of humanitarian aid for Kyiv, Bucha, Irpin and Chernihiv.[35]
In July 2022, Epicenter supported the initiative of the country's First Lady Olena Zelenska and the UNITED24 fundraising platform to raise funds for ambulances.[36] The company donated 20 cars[37] and announced a campaign to purchase 55 resuscitation vehicles and armored vehicles to evacuate the wounded from the war zone.[38]
