This article includes a list of general references, but it lacks sufficient corresponding inline citations .(September 2019) |
Company type | Private |
---|---|
Industry | Retail, general merchandise |
Founded | 2004 |
Headquarters | Riga, Latvia |
Area served | Estonia, Latvia, Lithuania |
Key people | Giedrius Bandzevičius [1] |
Products | Groceries, consumer goods |
Revenue | SEK18.482 billion €1.739 billion (2022) [2] |
747,698 Euro (2023) | |
Total assets | 8,966,894 Euro (2023) |
Number of employees | 12,000 [3] |
Parent | ICA |
Subsidiaries | Rimi Estonia (Rimi Eesti Food AS) Rimi Latvia (Rimi Latvia, SIA) Rimi Lithuania (Rimi Lietuva, UAB) |
Website | https://www.rimibaltic.com/ |
Rimi Baltic is a major retail operator in the Baltic states based in Riga, Latvia. It is a subsidiary of Swedish group ICA. Rimi Baltic operates 314 retail stores in Estonia (84 stores), Latvia (141 stores) and Lithuania (89 stores) and has distribution centres in each country. [4]
The interior design of the smaller Rimi hypermarkets (known as compact hypermarkets) can also be seen in ICA's smaller hypermarkets in Sweden, such as ICA Maxi Västra Hamnen in Malmö and ICA Maxi Enköping.
The stores have different profiles, depending on range of products and size:
The retail operator history begins with the opening of the first retail in Latvia, the Dole shopping center, in February 20, 1997.
Rimi Baltic was created in 2004 when Finnish Kesko and Swedish ICA agreed to merge their operations in the Baltic states in a 50/50 joint venture. Rimi Baltic officially began operations on 1 January 2005.[ citation needed ]
Kesko previously had 6 K-Citymarket hypermarkets and 45 Säästumarket[ clarification needed ] discount food stores in Estonia and 5 K-Citymarkets in Latvia and 19 Supernetto discount outlets in Latvia. ICA previously owned 33 Rimi stores (supermarkets and compact hypermarkets) across Estonia, Latvia, and Lithuania. Following the merger, all the K-Citymarket stores were progressively converted to Rimi hypermarkets during 2005.
Towards the end of 2006, Kesko decided to pull out of the joint venture and sold all of its shares in Rimi Baltic to ICA. Rimi Baltic became a wholly owned subsidiary of ICA AB from 1 January 2007. Property deals relating to Kesko's ownership of the former Citymarket sites were completed a few days later.[ citation needed ]
On December 23, 2016, ICA Gruppen concluded an agreement on the purchase of the Lithuanian company UAB Palink for EUR 213 million.[ citation needed ] Palink managed the second-largest food retail network, IKI in Lithuania. [5] The Lithuanian Competition Council authorized this acquisition in October 2017 on the condition that 17 Rimi and Iki stores in Vilnius, Kaunas, Klaipeda and Panevezys will be sold to third parties. [6] In mid-March 2018, Rimi Lietuva submitted nominations of potential buyers to the Competition Council. The council did not support them on the grounds that these buyers "would not provide stable and at least as effective competition" as the current company until the deal is implemented. In April, the Competition Council announced that the sale of Iki to Rimi was terminated. [7]
The Rimi name could also be found in Norway where it has been used on ICA's discount food stores there, but were later operating under the name Coop Norway (the Rimi stores were rebranded to Coop Extra). It has previously been used in Sweden by ICA and in Finland by Kesko, although these stores have since been converted to other formats.
Rimi Baltic operates a grocery retail business and has 297 wholly owned stores in Estonia, Latvia and Lithuania. The properties owned by the Group in the Baltic region are also part of Rimi Baltic. [8]
ICA Gruppen AB is a Swedish retailer franchise with a focus on food and health. The group also owns a bank, real estate division and a pharmacy chain.
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.
The S Group is a Finnish retailing cooperative organisation with its head office in Helsinki. Founded in 1904, it consists of 19 regional cooperatives operating all around Finland in addition to SOK, Suomen Osuuskauppojen Keskuskunta. S Group operates in the markets for groceries, consumer durables, service station, hotel and restaurant services. It is engaged in close competition with Kesko, with which it shares an oligopolistic position in many of the markets it operates in.
Netto is a Danish discount supermarket brand operating in Denmark, Germany and Poland. Netto is a part Salling Group.
Salling Group A/S is Denmark's largest retailer, with a market share around 34%. It operates several chains of stores, including Netto, Føtex, Bilka, and Salling. Additionally, it holds franchise rights for Starbucks and Carl's Jr. in Denmark. Salling Group's international operations include Netto, which has expanded into Germany and Poland, and has made two unsuccessful attempts at operating in the United Kingdom. Its stores in Sweden were sold off in 2019.
Kesko Corporation is a Finnish retailing conglomerate with its head office in Kalasatama, Helsinki. It is engaged in the grocery trade, building and technical trade, and car trade. It also has operations in Sweden, Norway, Denmark, Estonia, Latvia, Lithuania, and Poland.
A consumers' co-operative is an enterprise owned by consumers and managed democratically and that aims at fulfilling the needs and aspirations of its members. Such co-operatives operate within the market system, independently of the state, as a form of mutual aid, oriented toward service rather than pecuniary profit. Many cooperatives, however, do have a degree of profit orientation. Just like other corporations, some cooperatives issue dividends to owners based on a share of total net profit or earnings ; or based on a percentage of the total amount of purchases made by the owner. Regardless of whether they issue a dividend or not, most consumers’ cooperatives will offer owners discounts and preferential access to goods and services.
Coop amba, formerly FDB, is a cooperative based in Denmark. The coop has 2 million members and three subsidiaries. The Coop Danmark subsidiary operates the retail store chains of Kvickly, Brugsen, SuperBrugsen, Dagli'Brugsen and 365discount as well as the furniture company FDB Møbler. They previously ran the now discontinued chains Irma, Fakta & LokalBrugsen. The last two subsidiaries comprise Coop Bank and Coop Invest.
Coop Norge is a Norwegian cooperative. It is owned by 117 local cooperatives with approximately 2 million members. The company has its headquarters in Oslo.
K-Citymarket is a Finnish hypermarket chain owned by Kesko. The chain has about 80 stores in Finland. The first K-Citymarket store was opened in Lahti year 1971. The size of the stores are between 7,000 m² to 10,000 m². In all K-Citymarkets, a K-retailer is responsible for the sale of groceries, and Kesko for the consumer goods side. K-Citymarket's selections include foodstuffs as well as clothing, leisure, sports and home products.
RIMI was a grocery store chain in Norway.
A controversy surrounding the illegal repackaging of out-of-date meat led the Swedish grocery store chain ICA to take actions towards a better quality work in the stores. Prosecutors have launched a criminal investigation into four stores in the ICA supermarket chain, after a television documentary aired on December 5, 2007, revealed that they had repackaged out-of-date ground meat and put it back on the shelves in four of the largest hypermarkets in Sweden. ICA apologised, suspended all of its Christmas commercials and summoned all 1,400 store managers to an emergency meeting in Stockholm.
IKI Lietuva, formerly known as Palink is the operator of the "IKI" supermarket chain and the "LastMile" delivery service in Lithuania.
X5 Group is Russia's largest food retailer. In 2012, the organization of X5-Retail Group LLC was liquidated, and in 2018 X5 Group LLC was opened.
Kesko Senukai is a group of companies which runs the largest retail chain of do-it-yourself, house building, home repairing and improvement stores in the Baltics. Kesko Senukai is one of the largest companies in Lithuania engaged in retailing, wholesaling, and online trade. It also offers building repair, interior design, electronics, gardening, leisure, real commercial asset management, energy, financial, tourism, and recreation services and goods.
The retail format influences the consumer's store choice and addresses the consumer's expectations. At its most basic level, a retail format is a simple marketplace, that is; a location where goods and services are exchanged. In some parts of the world, the retail sector is still dominated by small family-run stores, but large retail chains are increasingly dominating the sector, because they can exert considerable buying power and pass on the savings in the form of lower prices. Many of these large retail chains also produce their own private labels which compete alongside manufacturer brands. Considerable consolidation of retail stores has changed the retail landscape, transferring power away from wholesalers and into the hands of the large retail chains.
Prisma is a Finnish chain of hypermarkets belonging to S Group. In Finland there are currently 74 stores in 51 different cities. The first Prisma store opened in Jyväskylä in 1972. In addition to food and groceries, Prisma's selection includes a wide collection of clothing, sporting goods, books, toys, entertainment and home accessories.