Lenta (retail)

Lenta (Russian: Лентa) is one of the largest retail chains in Russia and the country's second largest hypermarket chain. In addition to hypermarkets, there are also supermarkets under the Lenta brand.[3] The company was founded in 1993 in St. Petersburg. Founded by Oleg Zherebtsov, Lenta opened its first “Cash & Carry” store in St. Petersburg, Russia, in October 1993. Lenta then registered its trademark in 1994. And, by 1999, it opened its first big-box hypermarket format and has expanded ever since. Now Lenta operates 122 hypermarkets in 63 cities across Russia and 27 supermarkets in the Moscow region with a total of approximately 787807 m2. of selling space. The average Lenta hypermarket store has selling space of 6200 m2. The company operates five distribution centres for hypermarkets. The company's stores base themselves on price-led hypermarkets and supermarket scheme. Lenta employs around 35100 people.

Lenta
TypePublic (PAO)
MCX: LNTA
LSE: LNTA
IndustryRetail: Groceries, Consumer goods
Founded1993 in St. Petersburg, Russia.
FounderOleg Zherebtsov
Headquarters
St. Petersburg
,
Russia
Area served
Russia
Key people
Herman Tinga, (General Director)[1]
Revenue$6.45 billion[2] (2019)
$149 million[2] (2019)
-$32.7 million[2] (2019)
Total assets$5.02 billion[2] (2019)
Total equity$3.14 billion[2] (2019)
OwnerLenta Ltd.
Number of employees
35100 (2014)
Websitehttp://www.lenta.com
Lenta supermarket in Moscow
Lenta hypermarket in Petrozavodsk Republic of Karelia, Northwest Russia

Lenta’s largest shareholders include TPG Capital, the European Bank for Reconstruction and Development and VTB Capital. Global Depository Receipts (GDRs) of Lenta Ltd. are listed on the London Stock Exchange and on the Moscow Exchange.

The parent company of the chain – Lenta LLC – 100% belongs to Lenta LTD, that registered in British Virgin Islands. 41,3% of shares belong to investment – TPG Capital and «VTB Capital» (35,5% and 4% respectively), 15,3% belongs to EBRD, minor shareholders share the rest. CEO of the chain is Herman Tinga.

References
  1. Lenta: Management
  2. "Консолидированная финансовая отчетность ООО Лента и его дочерних компаний за 2019 г" (PDF) (in Russian). Lenta. 23 March 2020. p. 77. Retrieved 23 March 2020.
  3. "Ruling the retail roost: Russia's top five supermarket chains | ITE Food & Drink". www.food-exhibitions.com. Retrieved 2018-09-25.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.