Palink - Alchetron, The Free Social Encyclopedia

Trading name IKI Area served Lithuania Website www.iki.lt Headquarters Vilnius, Lithuania		Industry Retail Revenue €596.7 million Founded 1992 Parent organization Coopernic Scrl

Key people CEO Gerard Rog (2015 07-) CEO Emil Lazarov Stefanov (Aug 2012–) Founders George Ortiz, Nicolas Ortiz, Oliver Ortiz Profiles LinkedIn Facebook

Palink is the operator of the "IKI" supermarket chain in Lithuania.

History

Palink was founded by the brothers George, Oliver and Nicolas Ortiz. The first store was opened in 1992 in Vilnius, Lithuania. The company currently operates over 240 "Iki", "Iki Cento" and "Iki Express" stores in more than 70 cities and is the second largest retail grocer in Lithuania.

In 2014 Palink sold all IKI stores in Latvia (51 stores) to local company "Mego", stating that Palink is not interested in investing in Latvia anymore. IKI was 5th largest supermarket chain in Latvia.

References

Palink Wikipedia

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