March 01, 2017 3:16 PM ET

Food and Staples Retailing

Company Overview of Maxima LT, UAB

Company Overview

Maxima LT, UAB operates shopping centers, super markets, neighborhood shops, stores, and hypermarkets. The company offers necessities, foodstuffs, manufactured goods, bakeries items, confectionery, and delicatessen products. The company was formerly known as UAB VP Market. Maxima LT, UAB was founded in 2005 and is based in Vilnius, Lithuania. It has store locations in Lithuania, Latvia, Estonia, and Bulgaria. Maxima LT, UAB operates as a subsidiary of Maxima Grupe, Uab.

Savanoriu pr. 247


Vilnius,  02300


Founded in 2005


370 8526 86787


370 8526 86607

Key Executives for Maxima LT, UAB

Chief Executive Officer and Director
Compensation as of Fiscal Year 2016.

Maxima LT, UAB Key Developments

Maxima LT Announces Management Changes

Board of Maxima LT has appointed Kristina Meide as new CEO of the company. Starting January 9, K. Meide will replace Žydrunas Valkeris, who left Vilniaus prekyba group. K. Meide will also join Maxima LT Board. Before taking the position K. Meide lead Euroapotheca, another Vilniaus prekyba company, as CEO and Chairwoman of the Board.

Maxima LT to Invest EUR 15 Million in New Office Building in Vilnius

Maxima LT has launched construction on EUR 15 million office building and a store in Vilnius. The new store is expected to open for business in September 2016, and the administrative building is to be completed at the end of next year. Maxima plans to invest EUR 12.3 million in 14 new or renovated stores this year and to renovate over 10 and open 20 new stores next year. The chain has invested EUR 47 million over the past two years.

Maxima Plans to Open 20 New Stores in 2016

Maxima plans to open 20 new stores in 2016 and renovate 14 existing ones the larger number in a decade. The paper that expansion by competitors was having a major impact on the company's market share and its operating results. The implementation of these plans will depend on whether the company obtains building permits and how fast detailed plans are drawn up and contractors are found.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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