Suvarna Garge (Editor)

Penny (supermarket)

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Type
  
Products
  
Number of employees
  
43,773 (2010)

Founded
  
1973

Industry
  
Revenue
  
€ 10.3 billion (2010)

Headquarters
  
Penny (supermarket) httpsuploadwikimediaorgwikipediaenthumb4

Key people
  
Alain Caparros, managing director

Parent organizations
  
REWE Group, REWE Deutscher Supermarkt KGaA

Profiles

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. in Europe. It is owned by Rewe Group.

Operations

Penny Market exited the Bulgarian market on October 31, 2015.

References

Penny (supermarket) Wikipedia


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