Palink

Palink, UAB
	Iki logo
	IKI Express shop in Vilnius downtown
Trade name	IKI
Industry	Retail
Founded	1992
Founder	George Ortiz, Nicolas Ortiz, Oliver Ortiz
Headquarters	Vilnius, Lithuania
Area served	Lithuania
Key people	CEO Nijolė Kvietkauskaitė
Revenue	€672 million
Net income	22,200,000 euro (2018)
Number of employees	6544 (2020)
Website	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.

In 2005, Palink opened its first store in Riga, Latvia.

In 2014, Palink sold all IKI stores in Latvia (51 stores) to local company , 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]

In 2016, the Iki Cento brand of stores was discontinued.

References[]

^ ^a ^b "Didžiausios Lietuvos bendrovės 2021" [Largest companies of Lithuania 2021]. Verslo Žinios (in Lithuanian). 31 May 2021. Archived from the original on 17 July 2021. Retrieved 4 August 2021.
^ Kaminski, Matthew (2004-04-28). "From Ground Zero to the EU". Wall Street Journal. ISSN 0099-9660. Retrieved 2019-10-24.
^ 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.{{cite web}}: CS1 maint: url-status (link)
^ ""Iki" į tinklo plėtrą pernai investavo 80 mln. Lt". Archived from the original on 2014-01-17. Retrieved 2019-10-24.

External links[]

Official website

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[vz-largest-corp-1] "Didžiausios Lietuvos bendrovės 2021" [Largest companies of Lithuania 2021]. Verslo Žinios (in Lithuanian). 31 May 2021. Archived from the original on 17 July 2021. Retrieved 4 August 2021.

[2] Kaminski, Matthew (2004-04-28). "From Ground Zero to the EU". Wall Street Journal. ISSN 0099-9660. Retrieved 2019-10-24.

[3] Šerėnaitė, Asta. ""Palink" parduoda prekybos tinklą Latvijoje". vz.lt (in Lithuanian). Retrieved 2019-10-24.

[4] "'Mego' pērk IKI veikalu tīklu; gaida konkurences uzraugu atļauju". delfi.lv (in Latvian). 2014-01-17. Retrieved 2019-10-24.{{cite web}}: CS1 maint: url-status (link)

[5] ""Iki" į tinklo plėtrą pernai investavo 80 mln. Lt". Archived from the original on 2014-01-17. Retrieved 2019-10-24.

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