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IKI Lietuva, formerly known as Palink is the operator of the "IKI"
IKI Lietuva, formerly known as Palink is the operator of the "IKI" supermarket
A supermarket is a self-service Retail#Types of outlets, shop offering a wide variety of food, Drink, beverages and Household goods, household products, organized into sections. Strictly speaking, a supermarket is larger and has a wider selecti ...
chain and the "LastMile" delivery
Delivery may refer to:
Biology and medicine
*Childbirth
*Drug delivery
*Gene delivery
Business and law
*Delivery (commerce), of goods, e.g.:
**Pizza delivery
** Milk delivery
** Food delivery
** Online grocer
*Deed ("delivery" in contract law), a ...
service in Lithuania
Lithuania, officially the Republic of Lithuania, is a country in the Baltic region of Europe. It is one of three Baltic states and lies on the eastern shore of the Baltic Sea, bordered by Latvia to the north, Belarus to the east and south, P ...
.
History
Palink was founded by Belgian brothers George, Oliver and Nicolas Ortiz. The first store was opened in 1992 inVilnius
Vilnius ( , ) is the capital of and List of cities in Lithuania#Cities, largest city in Lithuania and the List of cities in the Baltic states by population, most-populous city in the Baltic states. The city's estimated January 2025 population w ...
, Lithuania.
In 2005, Palink opened its first store in Riga
Riga ( ) is the capital, Primate city, primate, and List of cities and towns in Latvia, largest city of Latvia. Home to 591,882 inhabitants (as of 2025), the city accounts for a third of Latvia's total population. The population of Riga Planni ...
, Latvia.
In 2014, Palink sold all IKI stores in Latvia (51 stores) to local company Mego, stating that Palink is not interested in investing in Latvia anymore. IKI was 5th largest supermarket chain in Latvia.
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.
In 2016, the Iki Cento brand of stores was discontinued.
In mid-March 2018, Rimi Lietuva submitted nominations of potential buyers to the Competition Council. The council did not support them, on the grounds that these buyers "would not provide stable and at least as effective competition" as the current company provides until the transaction is implemented. In April, the Competition Council announced that the sale of Iki to Rimi was terminated.
In July 2018, the German company REWE increased its stake in Palink to 93.75% of the capital. The second owner was E. Leclerc group Unilec.
In 2021, Palink made acquisition of the "LastMile" delivery service.
Palink was renamed to IKI Lietuva on 2 September 2022.https://www.delfi.lt/verslas/verslas/iki-valdanti-palink-keicia-pavadinima-91134975
See also
* List of supermarket chains in LithuaniaReferences
External links
* Supermarkets of Lithuania Companies based in Vilnius 1992 establishments in Lithuania Retail companies established in 1992 Lithuanian brands {{lithuania-company-stub