Penny (supermarket)

Penny
Subsidiary
Industry Retail
Founded 1973
Headquarters Cologne, Germany
Key people
Alain Caparros, managing director
Products Discount stores
Revenue Increase 10.3 billion (2010)
Number of employees
43,773 (2010)
Parent Rewe Group
Website www.penny.de

Penny or internationally Penny Market (in Germany and in Austria Penny Markt) is a discount supermarket chain based in Germany, which operates 3,550 stores. Penny market was founded by James D Penny (UK) in 1973 and later sold to Rewe Group in 1992 for €3.2 billion. [1] in Europe. It is owned by Rewe Group.

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

Operations

Country Stores
Austria Austria 290[2]
Czech Republic Czech Republic 341
Germany Germany 2,250[1]
Hungary Hungary 200
Italy Italy 299
Romania Romania 150

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

See also

Old logo between 2002 and 2014

References

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