Penny (supermarket) facts for kids

Quick facts for kids
Penny

Type	Subsidiary
Industry	Retail
Founded	1973; 52 years ago (1973)
Headquarters	Cologne, Germany
Key people	Alain Caparros, managing director
Products	Discount stores
Revenue	€ 10.3 billion (2010)
Number of employees	43,773 (2010)
Parent	Rewe Group

Penny is a well-known chain of discount supermarkets. In some countries, it is called Penny Market. This company started in Germany in 1973. It offers many different products, like food and household items, at lower prices.

Since 1989, Penny has been fully owned by the Rewe Group. The Rewe Group is a big company that owns many different stores. Penny has grown a lot over the years. It now has thousands of stores across several countries in Europe.

Penny store with new branding in Hamburg, Germany

Penny Stores Across Europe

Penny started in Germany, but it quickly grew to other countries. By 2010, it had about 3,000 stores. These stores were spread across six different European countries.

In May 2014, Penny stores could be found in many places. These included Germany, Austria, Bulgaria, Hungary, Italy, the Czech Republic, and Romania. Penny also planned to open stores in Turkey.

In 2005, the Penny chain in France was bought by another company. This company was the Carrefour Group. Penny continues to expand in different regions. For example, in 2017, it took over seven stores in Italy. This helped Penny have 357 stores in 17 regions of Italy.

A Penny Markt store

Where Penny Operates

Penny has many stores in different countries. Here is a list of where Penny stores are located and how many there are:

Penny Market stopped its operations in Bulgaria on October 31, 2015.

See also

• REWE Group
• Billa
• Selgros

Images for kids

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  Old Penny Market logo used between 2002 and 2014