Sklavenitis news

21 March 2019
We round up the latest news headlines from Greece as Sklavenitis makes board appointment, while Masoutis reports on 2018 turnover. Meanwhile, retailers including Masoutis, AB Vassilopoulos and Metro AEBE are targeting store expansion. Sklavenitis appoints Country Head of Procter & Gamble to board Earlier this month, Sklavenitis appointed Lambros Papakosmas to the Board of Directors. He assu...
08 October 2018
Greece’s leading supermarket chain Sklavenitis plans to open several stores that will focus on fresh products. Sklavenitis will also showcase products from small Greek producers in its hypermarkets. Sklavenitis opens new stores…  Sklavenitis is in the process of turning former Marinopoulos outlets into new stores dedicated to fresh produce. The new stores will offer a variety of fresh produ...
08 May 2017
We round up the latest news from Greece as AB Vassilopoulos, Lidl and Metro AEBE invest in the market; Sklavenitis refurbishes stores and the government considers changes to Sunday trading legislation. AB Vassilopoulos and Lidl invest €100m… Ahold Delhaize owned AB Vassilopoulos will invest €100m in Greece, which will focus on a new warehouse and around 30 stores. The retailer may also pu...
03 October 2016
Following Sklavenitis’ rescue deal of Marinopoulos, Sklavenitis has confirmed that Marinopoulos’ stores will be operated under the Sklavenitis banner. Sklavenitis assumes majority of debt As part of the bailout, Sklavenitis will assume most of Marinopoulos’ debt, although Sklavenitis has written to manufacturers to ask if they are prepared to receive a 50% cut in debt owed to them by Mari...
26 August 2016
Leading Greek retailer, Marinopoulos, which filed for bankruptcy protection earlier this year, has been rescued in a deal from competitor Sklavenitis, which will make Sklavenitis one of the country's leading retailers. Debt reduction on acquisition Marinopoulos owe debts of around €1.3bn, around half of which is owed to suppliers, while the rest is owed to lenders and employees. As par...
15 August 2016
Greek retailer Sklavenitis has revealed double digit sales growth in 2015, driven by acquisitions; while there have been local reports that Sklavenitis is in talks to rescue Marinopoulos. Turnover +40.8% driven by acquisition Sklavenitis that its 2015 turnover increased by 40.8% to €1.744bn, partly due to its acquisition of Mart Cash & Carry (formerly Makro Cash & Carry). Profit after t...
16 May 2016
Greek retailer Marinopoulos has begun to modernise and renovate its stores. Collaboration with university & ECR The concept was created in partnership with the Economic University of Athens and ECR and aims 'to create modern shops where everything works with absolute precision' . 480 stores to be refurbished by end of 2016 It is now live in four stores in Argyroupoli, Amfitheas, Al...
16 February 2016
Greek retailer Sklavenitis is set to manage Carrefour Marinopoulos hypermarkets in the country, following a joint-venture agreement between the two retailers last week. The deal is expected to be completed in the next two months, subject to approval by local competition authorities. Hypermarkets represent a third of Marinopoulos turnover The move will see Sklavenitis manage Carrefour Mar...
02 February 2016
The Greek Competition Commission has approved the acquisition of Veropoulos by local player, Metro. A deal between the two parties is expected to be signed by the end of the month. Metro to gain nationwide presence Metro  currently operates 112 stores under the My Market and Metro Cash & Carry banners in Attica and southern Greece. As a result of the acquisition, Metro will achieve ...
11 May 2015
Greek retailer Sklavenitis is set to acquire a 60% majority stake in rival retailer Veropoulos, which operates the SPAR franchise in Greece, with both parties having signed a preliminary contract. The deal is expected to conclude later this year, following approval from Greece’s competition authorities. Greek operations included; Serbian & Macedonian operations excluded Following specula...