JSC Populi is the leading supermarket and the largest food retail chain in Georgia.

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 Tbilisi and six outlets are located outside the Capital. In addition, the Company operates an approximately 5,000 m² central warehouse, capable to serve over 60 stores with a total selling space of 25,000 m².

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.