Penny (supermarket) facts for kids
| Subsidiary | |
| Industry | Retail |
| Founded | 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 popular chain of supermarkets, especially known for offering products at lower prices. It's a German company, but you can find its stores in many countries. Penny is also known as Penny Market in some places.
The first Penny store opened in 1973. It was started by a group called Leibbrand Gruppe. Later, in 1989, a bigger company called Rewe Group took full ownership of Penny. This means Penny is now part of the Rewe Group family of businesses.
Over the years, Penny has grown a lot. It has expanded to many countries across Europe. For example, in 2005, the Penny stores in France became part of the Carrefour Group. By 2010, Penny had about 3,000 stores in six different European countries.
Today, Penny stores are in countries like Germany, Austria, Hungary, Italy, Czech Republic, and Romania. They used to be in Bulgaria too, but they left that market in 2015. Penny continues to be a big name in discount shopping across Europe.
Where Penny Stores Are Located
Penny has many stores across different countries. This table shows how many stores Penny had in various places:
| Country | Number of stores |
|---|---|
| Austria | 290 |
| Czech Republic | 370 |
| Germany | 2,250 |
| Hungary | 233 |
| Italy | 365 |
| Romania | 416 |
- Penny Market stopped operating in Bulgaria on October 31, 2015.
More About Supermarkets
- REWE Group
- Billa
- Selgros
External Links
You can visit Penny's websites to learn more about them:
- Penny (archived website)
- Penny Germany
- Penny Markt Austria
- Penny Market Italy
- Penny Market Hungary
- Penny Market Czech Republic
- Penny Market Romania
Images for kids
-
Old Penny Market logo (2002-2014)
