All Greece articles – Page 2

News
Carrefour to sell stake in joint venture with Marinopoulos Group

21 June 2012

Carrefour is to sell its stake in its joint venture with Marinopoulos Group. The move will make Marinopoulos the exclusive franchisee of Carrefour in Greece, Cyprus, Bulgaria and the Balkans. Carrefour is likely to incur a charge of approximately E220m (£183.7m) relating to the discontinued activities. Marinopoulos reportedly plans to ...
News
Carrefour-Marinopoulos appoints Jerome Loubere as managing director

4 November 2011

Carrefour-Marinopoulos has appointed Jerome Loubere as its managing director to succeed Patrice Lespagnol, who was appointed last May.Loubere held the position between 2004 and 2008 but was then made general manager of the Marinopoulos Group in the Balkan region.The retailer believes Loubere’s experience and knowledge will help it to “better ...
Analysis
Carrefour hurt as Greeks reduce their grocery bills

19 August 2011

The deteriorating state of the Greek economy is exerting a huge impact on the country’s grocery retail scene with international players seeing mixed fortunes.
News
Atlantic revenue plummets 47% to £182.6m

13 January 2011

Supermarket group Atlantic has reported poor financial results for the first nine months of 2010. Revenues plummeted by 47% year on year to €220m (£182.6m).Sales from the retail stores amounted to €145.7m (£121m), while the wholesale operations generated revenue of €74.3m (£61.7m).
News
25 Aldi Hellas stores to close

10 December 2010

Following its decision to withdraw from the Greek market after just two years of operations, hard discount retailer Aldi Süd is to close the first 25 of its 38 Aldi Hellas stores by the end of December.From November until February next year, more than 500 employees will lose their jobs. ...
News
Makro Cash & Carry appoints Antoine Peleyras as CEO

22 September 2010

Metro Group-owned Makro Cash & Carry has appointed Antoine Peleyras as its new chief executive officer.Until 2005 he held the position of supply chain and merchandise director at Carrefour Marinopoulos in Greece and then the position of merchandise director in the Carrefour hypermarket division in France.More recently, he was managing ...
News
Delhaize reports mixed H1 results

18 August 2010

Grocer Delhaize Group posted mixed first-half results. In Belgium revenues grew 5.5% to €2.34bn (£1.91bn), supported by 4.7% like-for-like growth and new store openings. Alfa Beta in Greece put in another strong performance with a 7.3% increase in revenues to €765m (£627m) and gained further market share.Operations in Romania and ...
News
Aldi Süd pulling out of Greece

21 July 2010

German hard discount retailer Aldi Süd is pulling out of Greece, the company has confirmed.“Aldi Süd intends to discontinue its operation of 38 stores in Greece [while it is] in talks with interested parties for the acquisition and continuation of activities,” Aldi said, without providing further details.The market exit - ...
News
Atlantic sales down 18.5%

17 June 2010

Supermarket chain Atlantic posted an 18.5% sales decrease to €106m (£88m) in the first quarter of 2010, while net losses increased from €2.4m (£1.9m) to €2.9m (£2.4m) year-on-year. Revenue in its retail outlets dropped 13.5%, while revenue in Atlantic’s wholesale business decreased 25.8% year-on-year.
News
Marinopoulos to face Competition Committee probe

12 March 2010

Carrefour’s greek arm Marinopoulos will face the Competition Committee at the end of April, according to reports in the local press.Carrefour Marinopoulos faces charges that it violated competition regulation in respect of its franchising model and the operations of its 5’ Marinopoulos grocery stores network. The retailer is reportedly accused ...
News
Metro Group dismissed all the top management at the Greek arm of its Makro Cash & Carry subsidiary

4 December 2009

Metro Group has dismissed all the top management at the Greek arm of its Makro Cash & Carry subsidiary during an examination into administrative irregularities, according to the German retail press.Country manager Anastasios Michaelidis, non-food director Jan Casander and finance director Fotis Kalogeropoulos have left the company before completion of ...
News
Alfa-Beta Vassilopoulos to acquire Koryfi

16 October 2009

Delhaize Group-owned supermarket chain Alfa-Beta Vassilopoulos has agreed to acquire Greek grocer Koryfi for €7m (£7m) and the assumption of €1.8m (£1.5m) debt.The Delhaize Group said the acquisition will add 11 stores and enhance its position in Thrace, northeast Greece, where its presence is limited at present.The deal, subject to ...