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  September 5, 2001
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Home > Company Index > Retail > Grocery Retailing > La Rinascente S.p.A.

La Rinascente S.p.A.
OTC: LARCY
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 PROFILE
Need milk and bread? A leather jacket? A zebra-print couch? Try Rinascente. The company is one of Italy's largest retailers, with more than 1,300 supermarkets and departments stores across the country (about 430 are company-owned; the rest are franchised). It operates stores in several formats, including the upscale La Rinascente and mid-market Upim department stores, Supermarcati SMA and Cityper supermarkets, Auchan and Citta Mercato hypermarts, and the new Punto Sma convenience stores. Rinascente runs about 900 stores with French supermarket giant Auchan. Eurofind, a joint venture of Auchan and Italian holding company IFIL, owns 52% of Rinascente. Industrialist Senatore Borletti founded the company in 1917.

 COMPETITION
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 5,245.10
1-Yr. Sales Growth: 3.0%
Employees: 27,947
Revenue per employee: $187,680.25

 KEY PEOPLE
• Giovanni C. Gigli
    CEO
• Ezio Garbolino
    CFO

 CONTACT INFO
Strada 8, Palazzo N
20089 Rozzano, Italy
Phone: 39-0257-581
Fax: 39-0257-512438
Online: Web Site

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