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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