JSC Populi is the leading supermarket and the largest
food retail chain in
Today Populi operates 40 supermarkets with total net
selling space of 15,637 m2. Ten of the supermarkets are in the
PopuliXL format, with total net selling space of 9,690 m2, 25 stores
are in the neighbourhood store format and 5 in the PopuliExpress format.
34 stores are located in
Prior to investment in the Company by LC in 2005,
Populi represented a closely held family business with complex and
non-transparent corporate structure. The Company’s assets made only 12 stores
with 2,000 m2 net selling space. LC assisted Populi in restructuring
the business, securing additional debt funding, revamping the financial
reporting and arranging equity investments by institutional investors.
Presently, 75% of the company shares are institutionally held, spread between
five funds, with LC’s share amounting to 20%.
Populi has more than 300 international and local suppliers and employs over 1,000 people. The supermarkets of the Company offer a full range of food products from international producers, national specialties, fresh fruits and vegetables and bakery, as well as some non-food products.