Palink was founded by Belgian brothers George, Oliver and Nicolas Ortiz.[2] The first store was opened in 1992 in Vilnius, Lithuania.[3]
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.[4][5]
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.[6]
In 2016, the Iki Cento brand of stores was discontinued.[7]
In mid-March 2018, Rimi Lietuva submitted nominations of potential buyers to the Competition Council. The council did not support them, on the grounds that these buyers "would not provide stable and at least as effective competition" as the current company provides until the transaction is implemented. In April, the Competition Council announced that the sale of Iki to Rimi was terminated.[8]
In July 2018, the German company REWE increased its stake in Palink to 93.75% of the capital.[9][10][11] The second owner was E. Leclerc group Unilec.
In 2021, Palink made acquisition of the "LastMile" delivery service.[12]
Palink was renamed to IKI Lietuva on 2 September 2022.[12]
^Kaminski, Matthew (2004-04-28). "From Ground Zero to the EU". Wall Street Journal. ISSN 0099-9660. Retrieved 2019-10-24.
^"Istorija". IKI – Mes visi mylim maistą! (in Lithuanian). 2020-06-10. from the original on 2023-02-02. Retrieved 2023-02-02.
^Šerėnaitė, Asta. ""Palink" parduoda prekybos tinklą Latvijoje". vz.lt (in Lithuanian). Retrieved 2019-10-24.
^"'Mego' pērk IKI veikalu tīklu; gaida konkurences uzraugu atļauju". delfi.lv (in Latvian). 2014-01-17. Retrieved 2019-10-24.
^. Archived from the original on 2014-01-17. Retrieved 2019-10-24.
^"Istorija". IKI – Mes visi mylim maistą! (in Lithuanian). Retrieved 2023-02-06.
^""Rimi" Lietuvā tomēr neizdodas pārpirkt "Iki" veikalus". Jauns.lv (in Latvian). Retrieved 2022-07-13.
^"Cleveron Mobility AS pilot project with one of the largest retailers in Lithuania has started". view.news.eu.nasdaq.com. 2022-12-03. from the original on 2023-02-02. Retrieved 2023-02-02.
^The Baltic Course (2018-11-07). "Germany's Rewe takes control of Lithuanian supermarket chain Iki". The Baltic Course. from the original on 2023-02-02. Retrieved 2023-02-02.
^. Strategeast. 2018-11-08. Archived from the original on 2023-02-02. Retrieved 2023-02-02.{{cite web}}: CS1 maint: unfit URL (link)
lietuva, formerly, known, palink, operator, supermarket, chain, lastmile, delivery, service, lithuania, uabiki, logocentral, bureau, pilaitė, vilniustrade, nameikiindustryretailfounded1992, 1992, foundergeorge, ortiz, nicolas, ortiz, oliver, ortizheadquartersv. IKI Lietuva formerly known as Palink is the operator of the IKI supermarket chain and the LastMile delivery service in Lithuania IKI Lietuva UABIki logoCentral bureau in Pilaite VilniusTrade nameIKIIndustryRetailFounded1992 1992 FounderGeorge Ortiz Nicolas Ortiz Oliver OrtizHeadquartersVilnius LithuaniaArea servedLithuaniaKey peopleCEO Nijole KvietkauskaiteRevenue 819 4 million 1 Net income 10 5 millionTotal assets 83 7 millionTotal equity 119 3 millionNumber of employees6096 2022 ParentREWE GroupWebsiteiki wbr lt Contents 1 History 2 See also 3 References 4 External linksHistory editPalink was founded by Belgian brothers George Oliver and Nicolas Ortiz 2 The first store was opened in 1992 in Vilnius Lithuania 3 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 4 5 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 6 In 2016 the Iki Cento brand of stores was discontinued 7 In mid March 2018 Rimi Lietuva submitted nominations of potential buyers to the Competition Council The council did not support them on the grounds that these buyers would not provide stable and at least as effective competition as the current company provides until the transaction is implemented In April the Competition Council announced that the sale of Iki to Rimi was terminated 8 In July 2018 the German company REWE increased its stake in Palink to 93 75 of the capital 9 10 11 The second owner was E Leclerc group Unilec In 2021 Palink made acquisition of the LastMile delivery service 12 Palink was renamed to IKI Lietuva on 2 September 2022 12 See also editList of supermarket chains in LithuaniaReferences edit Palink UAB Kaminski Matthew 2004 04 28 From Ground Zero to the EU Wall Street Journal ISSN 0099 9660 Retrieved 2019 10 24 Istorija IKI Mes visi mylim maista in Lithuanian 2020 06 10 Archived from the original on 2023 02 02 Retrieved 2023 02 02 Serenaite Asta Palink parduoda prekybos tinkla Latvijoje vz lt in Lithuanian Retrieved 2019 10 24 Mego perk IKI veikalu tiklu gaida konkurences uzraugu atlauju delfi lv in Latvian 2014 01 17 Retrieved 2019 10 24 Iki į tinklo pletra pernai investavo 80 mln Lt Archived from the original on 2014 01 17 Retrieved 2019 10 24 Istorija IKI Mes visi mylim maista in Lithuanian Retrieved 2023 02 06 Rimi Lietuva tomer neizdodas parpirkt Iki veikalus Jauns lv in Latvian Retrieved 2022 07 13 Cleveron Mobility AS pilot project with one of the largest retailers in Lithuania has started view news eu nasdaq com 2022 12 03 Archived from the original on 2023 02 02 Retrieved 2023 02 02 The Baltic Course 2018 11 07 Germany s Rewe takes control of Lithuanian supermarket chain Iki The Baltic Course Archived from the original on 2023 02 02 Retrieved 2023 02 02 Germany s Rewe increased its stake in Lithuanian supermarket chain Iki Strategeast Strategeast 2018 11 08 Archived from the original on 2023 02 02 Retrieved 2023 02 02 a href Template Cite web html title Template Cite web cite web a CS1 maint unfit URL link a b https www delfi lt verslas verslas iki valdanti palink keicia pavadinima 91134975External links edit nbsp Wikimedia Commons has media related to Palink Official website nbsp nbsp This Lithuania related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title IKI Lietuva amp oldid 1212242792, wikipedia, wiki, book, books, library,
