# German retailer New Yorker liquidates Belarusian company, stores to keep operating

- URL: https://syn.by/en/state/business-entrepreneurship/new-yorker-liquidates-belarusian-company/
- Published: 2026-11-08T10:00:13+00:00
- Updated: 2026-11-08T10:00:13+00:00
- Section: Business & Entrepreneurship
- Language: en
- RU edition: https://syn.by/ru/gosudarstvo/biznes-i-predprinimatelstvo/new-yorker-likvidiruet-belorusskuyu-kompaniyu.md
- BE edition: https://syn.by/dziarzhava/biznes-i-pradprymalnictva/new-yorker-likviduje-bielaruskuju-kampaniju.md

> New Yorker BLR, set up in September 2018, is being liquidated. The chain's seven stores are registered to another company, NewFashion, whose sole founder is Hienadź Kim-Hlozman.

![](https://syn.by/wp-content/uploads/2026/11/illustration-6527-1024x683.webp)

The Belarusian subsidiary of the German retailer New Yorker is going into liquidation. This is New Yorker BLR, which ran the brand's chain in the country, as reported by private Belarusian outlets operating in the country.

New Yorker itself has made no official statements about plans to leave the market.

Despite the liquidation of the legal entity, the stores will keep operating. There are seven outlets of the chain in the country: five in Minsk and one each in Hrodna and Viciebsk. As of 7 November, the trade register lists seven stores of the brand. One of them opened in late September in the Avia Mall shopping centre in the Minsk-Mir residential complex.

In the trade register, the stores are listed not under the company being liquidated but under NewFashion, created in October 2018. Its main line of business is retail sale of clothing in specialised stores. The sole founder of NewFashion is Hienadź Kim-Hlozman, according to data from the unified state register of legal entities and sole proprietors.

Kim-Hlozman is a major businessman, previously known under the surname Kirejkaŭ. He also owns Greenroznitsa, Green and other assets of the Rapa group of companies. New Yorker BLR probably managed the chain's stores operating in Belarus under a franchise.

New Yorker BLR was created in September 2018 for retail clothing sales. In 2018 it received the exclusive right to distribute the German brand in Belarus. The Rapa group of companies has been developing the chain under a franchise since 2018.

Since January 2023 the company has been on the list of enterprises where foreign owners are banned from selling shares, leaving the ranks of participants or carrying out reorganisation. At that time it had two German owners: NEW YORKER Retail Investment GmbH (0.01%) and NEW YORKER Retail International GmbH (99.99%). [According to one Belarusian outlet](http://egr.gov.by/egrmobile/information?pan=193140650), the Germans still own the company.

The Germans, who landed on the blacklist of assets banned from sale back in 2022, appear to have solved the problem through liquidation — "the guillotine method," as Belarusian media wrote.