9 October 2017
Lenta opens its thirty seventh supermarket in Moscow
St. Petersburg, Russia; 09 October, 2017 – Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, is pleased to announce the opening of its thirty seventh supermarket in Moscow.
The new store is in 6 Partizan street, Tuchkovo. The store has a total area of 1,053 sq.m with 640 sq.m of selling space and is open from 8 am to 11 pm, seven days a week. A broad product assortment of 5,500 SKUs has been selected specifically for residents of Moscow Region and includes Lenta’s private labels and federal product ranges alongside local produce. The store has 6 cash registers. The property is leased by Lenta.
This opening in Tuchkovo is Lenta’s seventeenth supermarket opening in 2017 and brings the total number of Lenta stores to 201 hypermarkets in 79 cities across Russia and 65 supermarkets in Moscow, St. Petersburg, Novosibirsk, Yekaterinburg and the Central region.
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 65 supermarkets in Moscow, St. Petersburg, Novosibirsk, Yekaterinburg and the Central region with a total of approximately 1,203,497 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:
Тel:+7 (812) 336 39 97
FTI Consulting :
Anton Karpov & Victoria Afonina
Тel:+7 495 795 06 23