With this opening, Lenta expands its network in the Central Region to 16 hypermarkets in 10 cities.
St-Petersburg, Russia; 26 December, 2014– Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, is pleased to announce the opening of its third hypermarket in Ivanovo, following on from the opening of its first two hypermarkets in the city earlier in December, 2014.
The new store is a Lenta compact format hypermarket located 3 Karl Marx Street, Ivanovo. The store has a total area of 13,152 sq.m, with 6,275 sq.m of selling space and is open from 8 am to 11 pm, seven days a week. A broad product assortment of approximately 19,400 SKUs has been selected specifically for residents of Ivanovo and includes Lenta’s private label and federal product ranges alongside local produce. The store has 400 parking spaces and 35 cash registers. The property is owned by Lenta.
This latest opening in Ivanovo is Lenta’s 29th hypermarket opening in 2014 and brings the total number of Lenta stores to 106 hypermarkets in 60 cities across Russia and 23 supermarkets in the Moscow region.
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 106 hypermarkets in 60 cities across Russia and 23 supermarkets in Moscow and the Moscow region, with a total of approximately 688,623 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:
Public Relations & Government Affairs Director
Tel: +7 812 363 28 53
Yana Mogileva, PR Manager
Ňel:+7 (812) 336 39 97
Mark Walter and Tony Friend
Ňel:+44 (0)20 7457 2020
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