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MD Discount

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MD Discount
MD
Company typePrivate
IndustryRetailing
Founded1994; 30 years ago (1994)
FounderPatrizio Podini
Headquarters,
Area served
Italy
Key people
Patrizio Podini, Chairman
ProductsDiscount store, hypermarket/supercenter/superstore
Revenue^2 billion
ParentSelex Gruppe
Website[1]

MD Discount is an Italian global discount supermarket chain, based in Gricignano di Aversa, Italy- It belongs to the holding company Selex Gruppe.

History

The company was founded in the 1994s by Patrizio Podini. The first store in MD brand was opened in September 1994 in Mugnano di Napoli. In little more than a year have been opened more than fifty stores in the Centre-South, some of whom detecting signs premises.

In 2015 MD distributes its products through a network of 800 outlets and direct affiliates.

Recently MD brought LD Market for the price of 170 million, making it the third largest sector discount in Italy, after Eurospin and Lidl [1][2][3]

References