IKI Lietuva
 Iki logo | |
 IKI Express shop in Vilnius downtown | |
| IKI | |
| Industry | Retail |
| Founded | 1992 |
| Founder | George Ortiz, Nicolas Ortiz, Oliver Ortiz |
| Headquarters | , |
Area served | Lithuania |
Key people | CEO Gerard Rog (2015 07-) |
| Revenue | €596.7 million [1] |
22,200,000 Euro (2018)  | |
Number of employees | 6,626 (2018) |
| Website | www |
Palink is the operator of the "IKI" supermarket chain in Lithuania.
History
Palink was founded by the brothers George, Oliver and Nicolas Ortiz.[2] The first store was opened in 1992 in Vilnius, Lithuania.
In 2005 Palink opened it's first store in Riga, Latvia.
In 2014 Palink sold all IKI stores in Latvia (51 stores) to local company "Mego", stating that Palink is not interested in investing in Latvia anymore. IKI was 5th largest supermarket chain in Latvia.[3][4]
The company currently operates over 240 "Iki", "Iki Cento" and "Iki Express" stores in more than 70 cities and is the second largest retail grocer in Lithuania.[5]
References
- ^ [1]
- ^ https://www.wsj.com/articles/SB108310342029695152
- ^ „Palink“ parduoda prekybos tinklą Latvijoje Lithuanian
- ^ 'Mego' pērk IKI veikalu tīklu; gaida konkurences uzraugu atļauju Latvian
- ^ http://www.15min.lt/naujiena/verslas/bendroves/iki-i-tinklo-pletra-pernai-investavo-80-mln-lt-663-398501#ixzz2qVODXf4m
External links
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