Marinopoulos
Business
Marinopoulos, Greece's Biggest Super Market Chain Becomes Sklavenitis Stores This Wednesday
The day has come where all of the Marinopoulos super markets will become Sklavenitis super markets as part of the private legal agreement which is meant to save Marinopoulos' chain from closure.
The details of the agreement, which have taken...
Economy
Greek Competition Authority Approves Sklavenitis-Marinopoulos Deal
Greece's competition authority on Thursday approved the acquisition of Marinopoulos’ supermarket stores by Sklavenitis, under conditions known to the public for the last two weeks. As a precondition for approving the deal, the authority required Sklavenitis Group to implement...
Greece
Athens Court Gives Green Light to Marinopoulos' Merger Plan
An Athens Court of First Instance has issued a decision approving a merger plan for Marinopoulos SA. The decision gives a green light to the takeover of Marinopoulos by Sklavenitis Group.
February 14 is the final date for completing the...
Economy
Marinopoulos Super Market Chain Rescue in the Air Again
Funds for the interim financing of Marinopoulos SA super market chain have been depleted, putting the company's rescue at risk again, says the Athens News Agency.
The funds allocated after a rescue deal was agreed between the banks, the Marinopoulos...
Business
Marinopoulos Stores to Operate Under Sklavenitis Logo
According to a recent letter sent by Stelios Sklavenitis owner of the supermarket chain, Sklavenitis, to the newly acquired Marinopoulos, part of the stream-lining process of lifting up the failed supermarket chain will entail the stores to start operating...
Business
Domino Effect: Marinopoulos Supermarket's Financial Woes Cause Surge in Bounced Checks
As the woes of Marinopoulos supermarket chain continue to play out while creditors are waited on to implement the Sklavenitis takeover, August saw a surge in the amount of checks bouncing to a total of 215.4 million euros, ekathimerini.com reports.
The court...
Business
Greek Supermarket Chain Marinopoulos to Restructure with Aid from Sklavenitis
Greek supermarket chain Marinopoulos on Saturday agreed with rival chain Sklavenitis and banks on a restructuring plan to avoid bankruptcy.
Marinopoulos has about 800 stores nationwide - the biggest chain in number of stores, not revenue - and employs close...
Business
Sklavenitis to Take Ownership of Rival Supermarket Chain Marinopoulos
According to the Greek newspaper Kathimerini, Sklavenitis is to sign a memorandum of understanding (MoU) on Wednesday with the creditor's bank of its struggling rival supermarket chain, Marinopoulos.
This legal action of signing the MoU will provide the platform and...
Economy
Sklavenitis and Banks Bail Out Marinopoulos Supermarket Chain
Sklavenitis, a major Greek supermarket chain, has stepped in to throw a lifesaver to Marinopoulos after it filed for bankruptcy in June. Alpha Bank and Eurobank approved the rescue plan that hopes to keep 12,500 employees on the Marinopoulos...
Greece
Marinopoulos Granted Temporary Protection From Creditors
Greek supermarket chain Marinopoulos won temporary protection after applying for bankruptcy. The court decided to protect the privately-owned group from creditor foreclosures until September 21 when its petition for a resolution process is judged.
Marinopoulos' management views the decision as...