St-Petersburg, Russia; 28 April, 2015– Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, is pleased to announce the opening of its twenty-fifth supermarket in the Moscow region.
The new store is located at 14/1 Ilyinskoye Highway, Krasnogorsk. The supermarket has a total area of 1,676 sq.m with 1,104 sq.m of selling space and is open from 8 am to 11 pm, seven days a week. The store provides a broad product assortment of approximately 6,500 SKUs including Lenta private label and federal product ranges alongside local produce. The store has 50 parking spaces and 10 cash registers. The property is leased by Lenta.
This latest opening in Krasnogorsk is Lenta’s first supermarket opening in 2015 and brings the total number of Lenta stores to 112 hypermarkets in 63 cities across Russia and 25 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 2014 sales). The Company was founded in 1993 in St. Petersburg. Lenta operates 112 hypermarkets in 63 cities across Russia and 25 supermarkets in Moscow and the Moscow region, with a total of approximately 728,714 sq.m of selling space. The average Lenta hypermarket store has selling space of approximately 6,300 sq.m. The Company operates five owned 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 35,100 people as of 31 December 2014[1].
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
1FTE (full-time equivalent). Average FTE for 2014 was 27,200 employees.
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