St. Petersburg, Russia; 4 April 2019– Lenta, (LSE, MOEX: LNTA) one of the largest retail chains in Russia, is pleased to announce the opening of its new supermarket in Moscow.
The new store is Lenta supermarket located at 11/4 Entuziastov highway, Balashikha, Moscow oblast. The store has a total area of 1,500 sq.m with 965 sq.m of selling space and is open from 08.00 am to 11 pm, 7 days a week. A broad assortment of products of 11,000 SKUs has been selected specifically for residents of Balashikha. The store has 100 parking spaces and 8 cash registers. The property is leased by Lenta.
Product assortment of the supermarket includes Lenta’s private labels and federal product ranges alongside local produce. The new opening is Lenta’s first supermarket launch in 2019 and brings the total number of Lenta stores to 245 hypermarkets in 88 cities across Russia and 136 supermarkets in Moscow, St. Petersburg, Siberia, Urals and the Central region.
Lenta is the largest hypermarket chain in Russia, and the country’s third largest retail chain. The Company was founded in 1993 in St. Petersburg. Lenta operates 245 hypermarkets in 88 cities across Russia and 136 supermarkets in Moscow, St Petersburg, Central, Siberia and Ural regions with a total of approximately 1,473,679 sq.m of selling space. The average Lenta hypermarket store has selling space of approximately 5,500 sq.m. The average Lenta supermarket store has selling space of approximately 800 sq.m. The Company operates twelve 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 45,759 people as of 31 December 20181 . 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:
Public Relations and Government Affairs Manager
Tel.: +7 812 380-61-31 ext.: 1892
Anton Karpov & Victoria Afonina
Ňel:+7 495 795 06 23
1FTE (full-time equivalent). Average FTE for FY2018 was 43,283 employees