Kopeika (Копейка) was a Russian

retail chain A chain store or retail chain is a retail outlet in which several locations share a brand, central management and standardized business practices. They have come to dominate the retail and dining markets and many service categories, in many pa ...

that collapsed as a result of the

Great Recession The Great Recession was a period of marked general decline, i.e. a recession, observed in national economies globally that occurred from late 2007 into 2009. The scale and timing of the recession varied from country to country (see map). At ...

. Kopeika was founded in 1998 with 38 stores. The grocer gained wider prominence when it was taken over by the ill-fated

Yukos OJSC "Yukos Oil Company" (russian: ОАО Нефтяна́я Компа́ния Ю́КОС, links=no, ) was an oil and gas company based in Moscow, Russia. Yukos was acquired from the Russian government by Russian oligarch Mikhail Khodorkovs ...

oil giant in 2002. On the latter's demise a controlling stake was sold to NIKOIL. In 2006 50% was sold on to another local chain by which time there were 267 stores and 4 distribution centers. In 2010, Kopeyka was acquired by competitor ''

Pyaterochka Pyaterochka (russian: Пятёрочка, Pyatyorochka, lit=Five) is a Russian chain of convenience stores managed by X5 Retail Group. The chain opened its 15,000th store in the city of Zelenograd, Russia, in May 2019. History The chain open ...

'', part of the

X5 Retail Group X5 Group (previously known as X5 Retail Group and commonly known as X5) is Russia's largest food retailer. The company operates several retail formats: convenience stores under the Pyaterochka brand, supermarkets under the Perekrestok brand a ...

, for $1.65 billion. By the end of 2011, 616 Kopeyka stores had been rebranded and 44 stores had been shut down.

References

External links

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Kopeika English website
Supermarkets of Russia Retail companies established in 1998 Retail companies of Russia Convenience stores {{Russia-company-stub