Palink

Palink, UAB
IKI
Industry Retail
Founded 1992 (1992)
Founder George Ortiz, Nicolas Ortiz, Oliver Ortiz
Headquarters Vilnius, Lithuania
Area served
 Lithuania
Key people
 CEO Gerard Rog (2015 07-)
Revenue €596.7 million [1]
Website www.iki.lt

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. 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.[3]

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.[4][5]

References

  1. ↑
  2. ↑ http://www.wsj.com/articles/SB108310342029695152
  3. ↑ http://www.15min.lt/naujiena/verslas/bendroves/iki-i-tinklo-pletra-pernai-investavo-80-mln-lt-663-398501#ixzz2qVODXf4m
  4. ↑ „Palink“ parduoda prekybos tinklą Latvijoje Lithuanian
  5. ↑ 'Mego' pērk IKI veikalu tīklu; gaida konkurences uzraugu atļauju Latvian


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