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Penny (supermarket)

From Wikipedia, the free encyclopedia
Penny
Company typeSubsidiary
IndustryRetail
Founded1973; 51 years ago (1973)
HeadquartersCologne, Germany
Key people
Alain Caparros, managing director
ProductsDiscount stores
RevenueIncrease 10.3 billion (2010)
Number of employees
43,773 (2010)
ParentRewe Group
Websitewww.penny.de

Penny or internationally Penny Market (in Bavaria and Austria Penny Markt) is a German discount supermarket chain based in Germany, which operates 3,550 stores.[1] The market was founded by Leibbrand Gruppe in 1973; since 1989, it has been fully owned by the Rewe Group.[2]

In France, the chain was bought in 2005 by the Ed brand of the Carrefour group.[3] In 2010, it operated approximately 3,000 stores across 6 countries in Europe. In May 2014, Penny is present in Germany, Austria, Bulgaria, Hungary, Italy, Czech Republic, Romania and soon in Turkey. After taking over 7 stores in Liguria from Tuodì in October 2017 for €9.2 million, it is present in Italy with 357 points of sale distributed in 17 regions, served by 7 distribution centers.[4]

Penny store with new corporate branding in Hamburg, Germany
Penny Markt

Operations

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Country Number of stores
Austria 290[5]
Czech Republic 370
Germany 2,250[1]
Hungary 233
Italy 365
Romania 380
  • Penny Market exited the Bulgarian market on October 31, 2015.

See also

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Old logo between 2002 and 2014

References

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  1. ^ a b Rewe Group. "Über uns" (in German). Retrieved 2015-03-22.
  2. ^ Rewe Group. "Unternehmensgeschichte" (in German). Retrieved 2017-12-30.
  3. ^ "Document de Référence Rapport Financier Annuel 2012 – Carrefour" (PDF).
  4. ^ "Aziende in campo | La crisi di Dico-Tuodì: a Penny Market sette negozi in Liguria per 9,2 milioni". 2017-10-09. Archived from the original on 2017-10-09. Retrieved 2022-05-01.
  5. ^ Rewe Group. "Vertriebslinien - Penny Market" (in German). Retrieved 2015-03-22.
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