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 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 store with new corporate branding in Hamburg, Germany
Penny Markt

Operations

Country Number of stores
Austria Austria 290[3]
Czech Republic Czech Republic 370
Germany Germany 2,250[1]
Hungary Hungary 212
Italy Italy 365
Romania Romania 216

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


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