Company type | Subsidiary |
---|---|
Industry | Retail |
Founded | 1973 |
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]
Country | Number of stores |
---|---|
Austria | 290 [5] |
Czech Republic | 370 |
Germany | 2,250 [1] |
Hungary | 233 |
Italy | 365 |
Romania | 380 |
Carrefour Group, S.A., is a French multinational retail and wholesaling corporation headquartered in Massy, France. It operates a chain of hypermarkets, grocery stores and convenience stores, which, as of December 2021, comprised 13,894 stores in over 30 countries, making it the seventh-largest retailer in the world by revenue.
Metro AG is a German multinational company based in Düsseldorf which operates business membership-only cash and carry stores primarily under the Metro brand. As of March 2024, Metro is operating 626 wholesale stores in 21 countries, including Europe, Kazakhstan, and Pakistan.
BILLA is an Austrian supermarket chain that operates in Central, Eastern and Southeastern Europe. The company was founded by Karl Wlaschek in 1953. He sold his controlling interest to Germany's REWE Group in 1996.
Delhaize Group SA was a Belgian multinational retail company headquartered in Molenbeek-Saint-Jean, Brussels, Belgium, and operated in seven countries and on three continents. The principal activity of Delhaize Group was the operation of food supermarkets. On 24 June 2015, Delhaize reached an agreement with Ahold to merge and form a new parent/holding company headquartered in the Netherlands: Ahold Delhaize.
SPAR, originally "DESPAR", styled as "DE SPAR", is a Dutch multinational franchise that provides branding, supplies and support services for independently owned and operated food retail stores. It was founded in the Netherlands in 1932, by Adriaan van Well, and as of 2022 consists of 13,996 stores in 48 countries.
Kaufland is a German hypermarket chain, part of the Schwarz Gruppe which also owns Lidl. The hypermarket directly translates to English as "buy-land." It opened its first store in 1984 in Neckarsulm and quickly expanded to become a major chain in what was formerly West Germany. It operates over 1,500 stores in Germany, Croatia, the Czech Republic, Slovakia, Poland, Romania, Bulgaria and Moldova.
Mein Real was a chain of hypermarkets in Germany owned by Metro AG until 2020 when it was sold to The SCP Group. It was formed in 1992, from the merger of chains divi, Basar, Continent, Esbella and real-kauf. Until 2014 it was also active internationally, in Poland, Romania, Russia, Ukraine and Turkey; most of these operations were bought by French retail company Auchan Group. In 2018, Metro decided to divest the Real chain and in 2021, many markets were taken over by either Edeka, Kaufland, Globus, Rewe or V-Markt and got rebranded with the brand of the respective new owner. The process of selling was finished by mid of 2022. However, the original plans to liquidate real completely were dropped in early 2022 when it was decided that the remaining 60 stores will continue under the real brand name under new ownership. Real's former website (real.de) was replaced by kaufland.de in 2021. The new website can be found at meinreal.de.
CBA is a Hungarian supermarket chain with almost 5,200 stores. It operates in Bulgaria, Lithuania, Czech Republic, Croatia, Hungary, Poland, Romania, Serbia and Slovakia.
The Baumax AG was an Austrian chain of home improvement stores. It was founded in 1976 by Karlheinz Essl Sr. in the city of Klosterneuburg and operated more than 150 stores in Austria and several countries of Central and Eastern Europe. As of 2010, the company employed over 9,000 people and generated an annual revenue of 1.13 billion euros. The business came into financial trouble during the Great Recession. It was finally broken up by creditors in 2015/16.
Tengelmann Twenty-One KG is the Munich-based Holding of the Tengelmann Group, a family-owned company established in 1867. The company identifies as an active entrepreneurial family investor, currently holding shares in more than 50 companies in Europe and North America. The diverse portfolio includes large retailers such as OBI and KiK, the real estate company TREI, the energy consulting company Tengelmann Energie, the insurance company Tengelmann Assekuranz as well as Tengelmann Audit. Their affiliated investment companies Tengelmann Ventures, Emil Capital Partners and Tengelmann Growth Partners invest in Start-ups and Grown-ups in Europe and North America.
Penny Market XXL and XXL Mega Discount were a discount Romanian supermarket chain owned by Rewe Group, which also operated the Billa, Penny Market and Selgros in Romania. As opposed to Billa, XXL stores were generally larger and geared towards low-income and middle-income consumers. On 10 January 2013, Penny Market XXL was renamed into XXL Mega Discount, containing the slogan Uriașul prețurilor mici! The XXL Mega Discount stores were closed on 31 December 2016, and reopened on the first days of 2017. Not only that, Rewe started modernizing the XXL Mega Discount stores in June of the aforementioned year, converting them into the name Penny Market.
Carrefour Express is a convenience store chain owned and operated by French retailer Carrefour with locations in three continents. Carrefour Express was created in 2007 to consolidate all convenience stores owned by Carrefour worldwide under one name. In 2010, all convenience store operations in France, including Marché Plus, Champion and Shopi were rebranded as Express.
The REWE Group is a German diversified retail and tourism co-operative group based in Cologne, Germany. The name REWE comes from Revisionsverband der Westkauf-Genossenschaften", meaning "Western Buying Co-operatives Auditing Association".
AmRest is a European multinational casual dining, fast-food restaurant and coffee shop operator headquartered in the Spanish capital, Madrid . The company runs more than 2300 locations, mostly franchises of KFC, Pizza Hut and Starbucks, and also Burger King until 2022, but also operates its own brands of restaurants. Apart from Spain, AmRest operates in Bulgaria, China, Croatia, Czech Republic, France, Germany, Hungary, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, and others.
Carrefour Market is a French supermarket chain created in 2007, owned by the international retail group Carrefour, and has currently stores in France and several other countries, see below.
Schlecker was a German retail company with headquarters in Ehingen which once had a workforce of some 52,000. There were stores across Europe including Germany, Austria, the Czech Republic, Luxembourg, Portugal, Poland, France, Spain and Italy. Schlecker announced the closure of half its shops across Germany with effect from 29 February 2012. Due to bankruptcy, the remaining stores were closed on 27 June of that year, with the exception of the 'XL' markets and the businesses of associated 'Ihr Platz' brand.
dm-drogerie markt is a chain of retail stores headquartered in Karlsruhe, Germany, offering cosmetics, healthcare items, household products and health food and drinks. The company was founded in 1973, when it opened its first store in Karlsruhe.
_Brand Overview_