Founded 1998 | Parent organization AgroTorg OOO | |
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Subsidiaries Kopeyka Retail Limited, Samara-Product Trade Firm, Kopeyka Moscow LLC | ||
Kopeika (Копейка) was a Russian retail chain that collapsed as a result of the Great Recession.
Kopeika was founded in 1998 with 38 stores. The grocer gained wider prominence when it was taken over by the ill-fated Yukos oil giant in 2002. On the latter's demise a controlling stake was sold to NIKOIL. In 2006 50% was sold on to another local chain by which time there were 267 stores and 4 distribution centers.
In 2010, Kopeyka was acquired by competitor Pyaterochka, part of the X5 Retail Group, for $1.65 billion. By the end of 2011, 616 Kopeyka stores had been rebranded and 44 stores had been shut down.
References
Kopeyka (supermarket) Wikipedia(Text) CC BY-SA