print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line

Get updates

Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all Lenta press releases


November 17, 2016

Lenta opens its second hypermarket in Magnitogorsk

With this opening, Lenta expands its network in the Urals to 17 hypermarkets in 8 cities. As of today, the retail space of Lenta stores exceeds 1 million square metres.

St. Petersburg, Russia; 17 November, 2016 – Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, is pleased to announce the opening of its second hypermarket in Magnitogorsk.

The new store is a Lenta compact format hypermarket located at 23 Vokzalnaya str., Magnitogorsk. The store has a total area of 9,810 sq.m with 5,272 sq.m of selling space and is open from 8.00 am to 11.00 pm, seven days a week. A broad product assortment of 19,000 SKUs has been selected specifically for residents of Magnitogorsk and includes Lenta’s private labels and federal product ranges alongside local produce. The store has 350 parking spaces and 30 cash registers. The property is owned by Lenta.

The opening in Magnitogorsk is Lenta’s twenty third hypermarket opening in 2016 and brings the total number of Lenta stores to 162 hypermarkets in 75 cities across Russia and 43 supermarkets in Moscow and St. Petersburg.

About Lenta

Lenta is the largest hypermarket chain in Russia (in terms of selling space) and the country’s fifth largest retail chain (in terms of 2015 sales). The Company was founded in 1993 in St. Petersburg. Lenta operates 162 hypermarkets in 75 cities across Russia and 43 supermarkets in Moscow and St. Petersburg, with a total of approximately 1,002,732 sq.m of selling space. The average Lenta hypermarket store has selling space of approximately 5,900 sq.m. The average Lenta supermarket store has selling space of approximately 1,000 sq.m. The Company operates seven owned distribution centres.

The Company’s price-led hypermarket formats are differentiated in terms of their promotion and pricing strategies as well as their local product assortment. The Company employed approximately 34,134 people as of 30 June 20161.

The Company’s management team combines a mix of local knowledge and international expertise coupled with extensive operational experience in Russia. Lenta’s largest shareholders include TPG Capital and the European Bank for Reconstruction and Development, both of which are committed to maintaining high standards of corporate governance. Lenta is listed on the London Stock Exchange and on the Moscow Exchange and trades under the ticker: ‘LNTA’.

A brief video summary on Lenta’s business and its Big Data initiative can be seen here.

For further information please visit, or contact:

Anna Meleshina, 
Public Relations & Government Affairs Director
Tel: +7 812 363 28 53 

Anastasia Kuznetsova, 
Corporate Communications Manager
Ňel:+7 (812) 336 39 97 

International Media: 
David Westover 
Ňel: +44 207 282 2886

FTI Consulting 
Russian Media:
Anton Karpov & Victoria Afonina
Ňel:+7 495 795 06 23

1 FTE (full-time equivalent). Average FTE for 1H 2016 was 33,758 employees




Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index


Site Map
Privacy Statement | Disclaimer