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Kopeyka (supermarket)

Russian retail chain

Summary

Russian retail chain

Field	Value
name	Kopeika
image	Kopeika-universam.jpg
image_caption	Kopeika store in Yuzhnoye Butovo District
native_name	Копейка
native_name_lang	ru
industry	Food and household goods retail
genre	store chain
incorporated	Russia
founded	1998
defunct	2011
fate	acquired by Pyaterochka

Kopeyka () was a Russian retail chain that collapsed in 2010 –2011 as a result of the Great Recession.

Kopeyka was founded in 1998 with 38 stores. The grocer gained wider prominence when it was taken over by the ill-fated Yukos oil giant in 2002. On the latter's demise a controlling stake was sold to NIKOIL. In 2006 50% was sold on to another local chain by which time there were 267 stores and 4 distribution centers.

In 2010, Kopeyka was acquired by competitor Pyaterochka, part of the X5 Retail Group, for $1.65 billion. By the end of 2011, 616 Kopeyka stores had been rebranded and 44 stores had been shut down.

Operation

At the end of the 1st quarter of 2012, the updated Kopeyka minimarket network included 4 stores located in Moscow and the Moscow region.

As of January 2011, the network included 624 stores operating in the discounter format, located in 25 regions of the Russian Federation. Some of these stores operated under franchise conditions. A feature of the Kopek franchise (unlike its competitor, the Pyaterochka chain) was the possibility of selling a franchise, including opening a single store (and not immediately an entire network, like Pyaterochka). The average network margin in Kopeyka stores, according to its CEO, was 21% in mid-2008.

The network's revenue in 2009 according to IFRS amounted to 54.9 billion rubles. (for 2008 — 47.0 billion rubles), EBITDA — 3.7 billion rubles, profit — 1.63 billion rubles.

References

(2003-10-06). "Yukos Sells Its 50.5% of Kopeika".
(2002-01-21). "Moscow Times - Yukos take over".
"RUSSIA: NIKOIL PICKS UP KOPEIKA".
(2006-12-05). "Reuteurs -Seventh Continent, X5 Bid for Russian Kopeika".
"ВЕДОМОСТИ - Цветков продал «Копейку»".
"Archived copy".

Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

supermarkets-of-russia retail-companies-established-in-1998 retail-companies-of-russia convenience-stores

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