Penny (supermarket)

Penny or internationally Penny Market (in Austria Penny Markt) is a 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]

Penny
Subsidiary
IndustryRetail
Founded1973
FounderREWE Group 
HeadquartersCologne, Germany
Key people
Alain Caparros, managing director
ProductsDiscount stores
Revenue 10.3 billion (2010)
Number of employees
43,773 (2010)
ParentRewe Group
Websitewww.penny.de

Operations

Country Number of stores
Austria 290[3]
Czech Republic 370
Germany 2,250[1]
Hungary 212
Italy 365
Romania 216
  • Penny Market exited the Bulgarian market on October 31, 2015.

See also

References

  1. Rewe Group. "Über uns" (in German). Retrieved 2015-03-22.
  2. Rewe Group. "Unternehmensgeschichte" (in German). Retrieved 2017-12-30.
  3. Rewe Group. "Vertriebslinien - Penny Market" (in German). Retrieved 2015-03-22.


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