Penny Market
 |
|
| Subsidiary | |
| Industry | Retail |
| Founded | 1973 |
| Headquarters | Cologne, Germany |
|
Key people
|
Alain Caparros, managing director |
| Products | Discount stores |
| Revenue |
 € 10.3 billion (2010) |
|
Number of employees
|
43,773 (2010) |
| Parent | Rewe Group |
| Website | www.penny.de |
Penny or internationally Penny Market (in Germany and in Austria Penny Markt) is a discount supermarket chain based in Germany, which operates 3,550 stores. Penny market was founded by James D Penny (UK) in 1973 and later sold to Rewe Group in 1992 for €3.2 billion. in Europe. It is owned by Rewe Group.
Penny Market exited the Bulgarian market on October 31, 2015.
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Wikipedia