Penny
TypeSubsidiary
IndustryRetail
Founded1973 (1973)
HeadquartersCologne, Germany
Key people
Alain Caparros, managing director
ProductsDiscount stores
RevenueIncrease € 10.3 billion (2010)
Number of employees
43,773 (2010)
ParentRewe Group
Websitewww.penny.de

Penny or internationally Penny Market (in Bavaria and Austria Penny Markt) is a German-French 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]

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

Operations

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.

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. ↑ "Document de Référence Rapport Financier Annuel 2012 – Carrefour" (PDF).
  4. ↑ "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.
  5. ↑ Rewe Group. "Vertriebslinien - Penny Market" (in German). Retrieved 2015-03-22.
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