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Lenta

December 24, 2014

Lenta opens its second hypermarket in Volgograd

With this opening, Lenta expands its network in the South Region to 13 hypermarkets in 8 cities.

St-Petersburg, Russia; 24 December, 2014– Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, is pleased to announce the opening of its second  hypermarket in Volgograd.

The new store is a Lenta standard format hypermarket located at 30 Kosmonavtov Street, Volgograd. The store has a total area of 12,000 sq.m, with 7,018 sq.m of selling space and is open 24 hours a day, seven days a week. A broad product assortment of approximately 27,000 SKUs has been selected specifically for residents of Volgograd and includes Lenta’s private label and federal product ranges alongside local produce. The store has 500 parking spaces and 41 cash registers. The property is owned by Lenta.

Lenta’s Chief Executive Officer, Jan Dunning said:

 “This new store is Lenta’s second hypermarket in Volgograd and our third in the Volgograd area. Our first hypermarket in Volgograd opened in 2007, followed by a hypermarket in nearby Volzhsky which opened in 2010.

The South is an important and attractive region for Lenta. The opening of this new store increases our presence in the South Region to 13 hypermarkets. We will continue to expand our hypermarket network in the region with more new stores planned for 2015 and beyond.”

This latest opening in Volgograd is Lenta’s 27th hypermarket opening in 2014 and brings the total number of Lenta stores to 104 hypermarkets in 60 cities across Russia and 23 supermarkets in the Moscow region.

About Lenta

Lenta is one of the largest retail chains in Russia and the country’s second largest hypermarket chain (in terms of 2013 sales). The Company was founded in 1993 in St. Petersburg. Lenta operates 104 hypermarkets in 60 cities across Russia and 23 supermarkets in Moscow and the Moscow region, with a total of approximately 675,330 sq.m of selling space. The average Lenta hypermarket store has selling space of 6,200 sq.m. The Company operates four hypermarket 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 27,800 people as of 31 December 2013.

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, the European Bank for Reconstruction and Development and VTB Capital Private Equity, all of whom 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 www.lentainvestor.com, or contact:

Lenta
Anna Meleshina,
Public Relations & Government Affairs Director
Tel: +7 812 363 28 53
E-mail: anna.meleshina@lenta.com

Yana Mogileva, PR Manager
Ňel:+7 (812) 336 39 97
E-mail: yana.mogileva@lenta.com

Instinctif Partners
International Media:
Mark Walter and Tony Friend
Ňel:+44 (0)20 7457 2020
E-mail: Mark.Walter@instinctif.com

Russian Media:
Anton Karpov
Ňel:+7 495 660 05 91
E-mail: Anton.Karpov@instinctif.com

 

 

 

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