| Penny | |
| Type: | Subsidiary |
| Location: | Cologne, Germany |
| Key People: | Alain Caparros, managing director |
| Industry: | Retail |
| Products: | Discount stores |
| Revenue: | € 10.3 billion (2010) |
| Num Employees: | 43,773 (2010) |
| Parent: | Rewe Group |
| Homepage: | www.penny.de |
Penny 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]
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. In May 2014, Penny is present in Germany, Austria, Bulgaria, Hungary, Italy, Czech Republic, Romania and soon in Turkey. 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]
| Country | data-sort-type="number" | Number of stores |
|---|---|---|
| Austria | 290[5] | |
| Czech Republic | 370 | |
| Germany | 2,250 | |
| Hungary | 233 | |
| Italy | 365 | |
| Romania | 380 |