Marinopoulos

International Monetary Fund Spokesman Gerry Rice commented on the gloomy news of Greek supermarket giant chain, Marinopoulos, seeking protection from its creditors under an article of Greece's bankruptcy code. Speaking at the IMF Bi-Weekly press briefing, Rice was asked...

The end of an era has come for Marinopoulos, one of Greece's largest supermarket chains, that filed for bankruptcy on Tuesday following a domino of events after mounting pressure from suppliers owed a large sum of money and creditor...

Greece's biggest supermarket chain, Marinopoulos, is currently undergoing restructuring in a inopportune time, as there appears to be a growing friction between suppliers and creditor banks. Suppliers, who are owed a large sum between the banks have been pressing for debt payments...