Penny (supermarket)

Not to be confused with Penney.

Penny (German pronunciation: [ˈpɛni] ^ⓘ) or internationally Penny Market (in Bavaria and Austria Penny Markt) is a German discount supermarket chain based in Germany, which operates 3,550 stores.^[1] The market was founded by Leibbrand Gruppe in 1973; since 1989, it has been fully owned by the Rewe Group.^[2]

Penny

Company 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
Website	www.penny.de

In France, the chain was bought in 2005 by the Ed brand of the Carrefour group.^[3] In 2010, it operated approximately 3,000 stores across 6 countries in Europe. As of May 2014, Penny was present in Germany, Austria, Bulgaria, Hungary, Italy, Czech Republic and Romania, with Turkey soon to come. After taking over 7 stores in Liguria from Tuodì in October 2017 for €9.2 million, it is present in Italy with 357 points of sale distributed in 17 regions, served by 7 distribution centers.^[4]

Penny store with new corporate branding in Hamburg, Germany

Penny Markt

Operations

Country	Number of stores
Austria	290[5]
Czech Republic	430
Germany	2,250[1]
Hungary	233
Italy	365
Romania	416

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

See also

• REWE Group
• Billa
• Selgros
• Aldi
• Lidl

Old logo between 2002 and 2014