Rimi Baltic

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RIMI Baltic
TypePrivate
IndustryRetail, general merchandise
Founded2004
HeadquartersRiga, Latvia
Area served
Estonia, Latvia, Lithuania
Key people
Edgar Sesemann[1]
ProductsGroceries, consumer goods
Revenue€ 917,201 mil. (2019)[2]
Number of employees
11,200[3]
ParentICA
SubsidiariesRimi Estonia (Rimi Eesti Food AS)
Rimi Latvia (Rimi Latvia, SIA)
Rimi Lithuania (Rimi Lietuva, UAB)
Websitehttps://www.rimibaltic.com/

Rimi Baltic is a major retail operator in the Baltic states based in Riga, Latvia. It is a subsidiary of Swedish group ICA. Rimi Baltic operates 291 retail stores in Estonia (88 stores), Latvia (132 stores) and Lithuania (71 stores) and has distribution centres in each country. [4]The stores have different profiles, depending on range of products and size:

The interior design of the smaller Rimi hypermarkets (known as compact hypermarkets) can also be seen in ICA's smaller hypermarkets in Sweden such as ICA Maxi Västra Hamnen in Malmö and ICA Maxi Enköping.

History and ownership[]

Rimi Baltic was created in 2004 when Finnish Kesko and Swedish ICA agreed to merge their operations in the Baltic states in a 50/50 joint venture. Rimi Baltic officially began operations on 1 January 2005.

Kesko previously had 6 City market hypermarkets and 45 Säästumarket discount food stores in Estonia and 5 City markets in Latvia and 19[1] Supernetto discount outlets in Latvia. ICA previously owned 33 Rimi stores (supermarkets and compact hypermarkets) across Estonia, Latvia, and Lithuania. Following the merger, all of the City market stores were progressively converted to Rimi hypermarkets during 2005.

Towards the end of 2006, Kesko decided to pull out of the joint venture and sold all of its shares in Rimi Baltic to ICA. Rimi Baltic became a wholly owned subsidiary of ICA AB from 1 January 2007. Property deals relating to Kesko's ownership of the former Citymarket sites were completed a few days later.

Rimi in other countries[]

The Rimi name can also be found in Norway where it has been used on ICA's discount food stores there, but is now operating under the name Coop Norway (the Rimi stores are rebranded to Coop Extra). It has previously been used in Sweden by ICA and in Finland by Kesko although these stores have since been converted to other formats.

See also[]

References[]

  1. ^ "Management - Rimi Baltic". rimibaltic.com. Retrieved 2020-12-23.
  2. ^ "Mazumtirgotājs "Rimi Latvia" pērn nopelnīja 33,16 miljonus eiro, apgrozījums pieauga par 2,6% | Ziņas". www.firmas.lv. Retrieved 2020-12-23.
  3. ^ "About us - Rimi Baltic". rimibaltic.com. Retrieved 2020-12-23.
  4. ^ "About us - Rimi Baltic". rimibaltic.com. Retrieved 2020-12-23.

External links[]

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