Penny_(supermarket) Knowpia

Penny
Company type	Subsidiary
Industry	Retail
Founded	1973; 51 years ago
Headquarters	Cologne, Germany
Key people	Alain Caparros, managing director
Products	Discount stores
Revenue	€ 10.3 billion (2010)
Number of employees	43,773 (2010)
Parent	Rewe Group
Website	www.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]

Operations edit

Country	Number of stores
Austria	290^[5]
Czech Republic	370
Germany	2,250^[1]
Hungary	223
Italy	365
Romania	362

Penny Market exited the Bulgarian market on October 31, 2015.

References edit

^ ^a ^b Rewe Group. "Über uns" (in German). Retrieved 2015-03-22.
^ Rewe Group. "Unternehmensgeschichte" (in German). Retrieved 2017-12-30.
^ "Document de Référence Rapport Financier Annuel 2012 – Carrefour" (PDF).
^ "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.
^ Rewe Group. "Vertriebslinien - Penny Market" (in German). Retrieved 2015-03-22.