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Lenta opens 11 stores acquired from Kesko

7 Dec 2016 11:03

RNS Number : 2011R
Lenta Ltd
07 December 2016
 

 

Lenta opens 11 stores acquired from Kesko

St. Petersburg, Russia; 7 December, 2016 - Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, is pleased to announce the opening of 11 new stores acquired during the purchase of the Kesko food retail business in Russia ("KFR"), previously operating under the K-Ruoka brand. 

 

10 hypermarkets and one supermarket are opening today in Saint-Petersburg and the Leningrad region, now operating under the Lenta brand.

 

The total selling space of new Lenta stores is 40,023 sq.m1, of which 39,657 sq.m is owned and 2,366 sq.m is rented. In terms of size and layout, the stores are compatible with existing Lenta compact and supercompact hypermarket formats, and all of the store locations are strategically complementary to Lenta's existing stores in Saint-Petersburg and the Leningrad region. All stores are opened 24 hours, 7 days a week.

 

The specific store characteristics are listed in the table below:

Address

Total Space (sq.m)

Trading Space

(sq.m)

Store Format

Ownership

Number of cash registers

Number of SKUs

Number of parking lots

Hypermarkets

Leningradskiy region, Kingisepp, 69 Krikkovskoe av.

7,300

3,660

Supercompact

owned

18

14,000

410

St.Petersburg, Peterhof, 58A Gostilitskoe av.

7,300

3,677

Supercompact

owned

18

14,000

400

St.Petersburg, 60A Parashutnaya str.

11,200

5,150

Compact

owned

28

19,000

400

St.Petersburg, 45A Shuvalovskiy av.

7,200

4,485

Compact

owned

18

19,000

180

St.Petersburg, 59A Piskarevskiy av.

10,900

5,150

Compact

owned

28

19,000

240

St.Petersburg, 17A Planernaya str.

10,900

5,150

Compact

owned

26

19,000

450

Leningradskiy region, Vsevolozhsk, 12 Doroga Zhizni av.

7,500

3,670

Supercompact

owned

15

17,000

860

Leningradskiy region, Sosnoviy Bor, 2 Akademika Aleksandrova str.

7,500

3,655

Supercompact

owned

18

14,000

650

St.Petersburg, 13A, bld.2, Simonova str.

6,700

3,540

Supercompact

owned

16

14,000

250

St.Petersburg, 34 bld.2 Uriy Gagarina av.

3,552

2,366

Supercompact

leased

15

10,000

100

Supermarkets

St.Petersburg, 7A Urkhov alley

2,900

1,520

Supermarket

owned

11

10,000

100

 

These new openings bring the total number of Lenta stores to 180 hypermarkets in 77 cities across Russia and 44 supermarkets in Moscow and St. Petersburg.

 

About Lenta

Lenta is the largest hypermarket chain in Russia (in terms of selling space) and the country's fifth largest retail chain (in terms of 2015 sales). The Company was founded in 1993 in St. Petersburg. Lenta operates 180 hypermarkets in 77 cities across Russia and 44 supermarkets in Moscow and St. Petersburg, with a total of approximately 1,089,165 sq.m of selling space. The average Lenta hypermarket store has selling space of approximately 5,800 sq.m. The average Lenta supermarket store has selling space of approximately 1,000 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 34,134 people as of 30 June 20162.

 

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

Anna Meleshina,

Public Relations & Government Affairs Director

Tel: +7 812 363 28 53

E-mail: anna.meleshina@lenta.com

 

Anastasia Kuznetsova,

Corporate Communications Manager

Тel:+7 (812) 336 39 97

E-mail: a.kuznetsova@lenta.com

Citigate

International Media:

David WestoverТel: +44 207 282 2886

E-mail: lentateam@citigatedr.co.uk

 

FTI Consulting

Russian Media:

Anton Karpov & Victoria AfoninaТel:+7 495 795 06 23

E-mail: lenta@FTIconsulting.com

 

 

 1 The total selling space of the stores acquired from Kesko is presented after adjustments made by Lenta during integration process.2 FTE (full-time equivalent). Average FTE for 1H 2016 was 33,758 employees

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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