Palink

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Palink, UAB
IKI
IndustryRetail
Founded1992 (1992)
FounderGeorge Ortiz, Nicolas Ortiz, Oliver Ortiz
HeadquartersVilnius, Lithuania
Area served
Lithuania
Key people
CEO Gerard Rog (2015 07-)
Revenue0.632 billion [1] (2016)
Websitewww.iki.lt

Palink is the operator of the "IKI" supermarket chain in Lithuania.

History[edit]

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 its 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[edit]

External links[edit]