Who we are
Lenta is a price-led, distinctive hypermarket group in Russia led by a highly experienced management team. Lenta has a compelling, integrated business model and is well-positioned to grow in Russia's dynamic food retail market.
We aim to double selling space over the next four years (till 2020) and continue to offer career opportunities in Russian retail and above-average shareholder returns.
A high growth, distinctive hypermarket model
Lenta is one of the largest retail chains in Russia and the country's largest hypermarket chain. The company was founded in 1993 in St. Petersburg. Lenta operates 233 hypermarkets in 84 cities across Russia and 112 supermarkets in Moscow, St. Petersburg, Novosibirsk, Yekaterinburg and the Central region with a total of 1,402,428 sq.m. of selling space. The average Lenta hypermarket store has selling space of 5,600 sq m. The company operates seven distribution centres for hypermarkets and one for supermarkets. The company's stores base themselves on price-led hypermarkets and supermarket scheme. Lenta has more than eleven million active loyalty cardholders and approximately 95% of all sales in Lenta stores are tied to our loyalty card. Lenta employs 53,142 full time employees as of 31 December 2017.
The company's management team has 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, all of whom are committed to maintaining high standards of corporate governance and responsibility. Global Depository Receipts (GDRs) of Lenta Ltd. are listed on the London Stock Exchange and on the Moscow Exchange.
At Lenta we:
- offer quality products at best prices to over 12 million customers
- adapt our hypermarket format tosuit local communities and locations
- fully integrate our supply chain and IT platform to allow efficiency and growth
- are pursuing an accelerated plan for new store openings
- benefit from the rapid growth in the Russian economy
- exert financial control and management discipline to reduce risk
|Shareholders||% share of capital|
|Ruane, Cunniff & Goldfarb L.P.||5.03%|
|Directors and Management||1.16%|
(1) Company estimate