Esselunga
Encyclopedia
Esselunga S.p.A. is an Italian retail
store chain. Founded in 1957 by brothers Bernardo, Guido and Claudio of the Caprotti family with Nelson Rockefeller
, the company is now entirely owned by the Caprotti family through Supermarkets Italiani S.p.A.
It was the first supermarket chain in Italy and was the first to introduce on-line shopping and self-produced organic products.
With 17,000 employees, the company had a €4.9 billion turnover in 2006. Esselunga controls about 9% of the Italian grocery distribution market. It is ranked as the fourth most profitable company in the European retail sector (in proportion to its size) and it is Italy's 23rd largest company. Esselunga owned 50% of the Italian branch of Penny Market
(a REWE
group company).
Esselunga is entirely owned by the family and is not on the stock market.
Retail
Retail consists of the sale of physical goods or merchandise from a fixed location, such as a department store, boutique or kiosk, or by mail, in small or individual lots for direct consumption by the purchaser. Retailing may include subordinated services, such as delivery. Purchasers may be...
store chain. Founded in 1957 by brothers Bernardo, Guido and Claudio of the Caprotti family with Nelson Rockefeller
Nelson Rockefeller
Nelson Aldrich Rockefeller was the 41st Vice President of the United States , serving under President Gerald Ford, and the 49th Governor of New York , as well as serving the Roosevelt, Truman and Eisenhower administrations in a variety of positions...
, the company is now entirely owned by the Caprotti family through Supermarkets Italiani S.p.A.
It was the first supermarket chain in Italy and was the first to introduce on-line shopping and self-produced organic products.
With 17,000 employees, the company had a €4.9 billion turnover in 2006. Esselunga controls about 9% of the Italian grocery distribution market. It is ranked as the fourth most profitable company in the European retail sector (in proportion to its size) and it is Italy's 23rd largest company. Esselunga owned 50% of the Italian branch of Penny Market
Penny Market
Penny Market is a discount supermarket chain based in Germany, which operates 3,000 stores in Europe. It is owned by Rewe Group.-Competitors:* Aldi * Lidl * Netto * Plus...
(a REWE
REWE
REWE is a supermarket chain in Germany and part of the Cologne-based REWE Group. REWE have more than 15,000 stores and 211,000 employees world wide.Their catchphrase is "Jeden Tag ein bisschen besser."...
group company).
Esselunga is entirely owned by the family and is not on the stock market.
Sources
- http://www.iht.com/articles/2007/09/23/bloomberg/bxlie.php
- http://money.cnn.com/news/newsfeeds/articles/djf500/200709211312DOWJONESDJONLINE000654_FORTUNE5.htm