St. Petersburg, Russia; 29 September, 2017– Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, is pleased to announce the opening of its fourteenth hypermarket in Moscow.
The new store is a Lenta compact format hypermarket located in 4 bld.4 Astakhova street, Kolomna. The store has a total area of 8,225 sq.m. with 4,557 sq.m. of selling space and is from 8 am to 11 pm, seven days a week. A broad product assortment of 17,500 SKUs has been selected specifically for residents of Kolomna and includes Lenta’s private labels and federal product ranges alongside local produce. The store has 300 parking spaces and 27 cash registers. The property is owned by Lenta.
This opening in Kolomna is Lenta’s tenth hypermarket opening in 2017 and brings the total number of Lenta stores to 201 hypermarkets in 79 cities across Russia and 64 supermarkets in Moscow, St. Petersburg, Novosibirsk, Yekaterinburg and the Central region.
About Lenta
Lenta is the largest hypermarket chain in Russia (in terms of selling space) and the country’s fourth largest retail chain (in terms of sales as of 1Q2017). The Company was founded in 1993 in St. Petersburg. Lenta operates 201 hypermarkets in 79 cities across Russia and 64 supermarkets in Moscow, St. Petersburg, Novosibirsk and the Central region with a total of approximately 1,202,857 sq.m. of selling space. The average Lenta hypermarket store has selling space of approximately 5,700 sq.m. The average Lenta supermarket store has selling space of approximately 900 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 45,689 people as of 31 December 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 www.lentainvestor.com, or contact:
Lenta
Ňel:+7 (812) 336 39 97
E-mail: pr@lenta.com
FTI Consulting :
Anton Karpov & Victoria Afonina
Ňel:+7 495 795 06 23
E-mail: lenta@FTIconsulting.com
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