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Latvia
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Top-ranking retailers
Company name Number of outlets Net sales 2006 in EUR (mln) IKI 24 *500 Maxima (VP Market) 111 482 Rimi Baltic ( 90 429 Mego 36 69 Elvi Group SIA 71 65 Nelda 17 ***63 Skai Baltija 4 28 Beta Trade Group **41 n.a.
** Figure for 2004.
*** Figure for 2005.
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Articles related to Latvia
- 13-08-2008 Kraft sells Nordic/Baltic division in further...
- 09-05-2005 Local hard discounters
- 09-05-2005 Compact hypermarkets
- 27-05-2004 Baltic Bonanza
- 27-02-2004 Lidl: Darwinian discount
Country Profile
Baltic Bonanza
In the early 1990s local entrepreneurs established retail businesses in the post-Soviet Baltic states. These pioneers are now owners of well-established retailers in the Baltic countries of Lithuania, Latvia and Estonia, who will become members of the EU on 1 May 2004. Currently, the world’s leading retailers are showing a keen interest in the Baltics, which will – after retail development in recent years – face retail consolidation in future years.
Elsevier Food International Vol.7, No.2, May 2004
Pascal Kuipers
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