Marinopoulos supermarket chains seeks protection from creditors

28 June 2016
877 Views

The Marinopoulos supermarket chain, one of the biggest in Greece and the past partner in the country of the multinational Carrefour group, on Tuesday applied for protection from its creditors, according to reports, in a bid to try and restructure the debt-laden company.

The development comes as an agreement worked out at the beginning of the year with rival Sklavenitis to form a joint company in order to manage and exploit 33 of Marinopoulos’ “hyper stores” appears to have stalled this month.

The company has also tried to work out a restructuring plan with banks and repayment plan with suppliers, with mixed results to date.

You may be interested

Organised beaches to open on Saturday across Greece
GREECE
shares21 views
GREECE
shares21 views

Organised beaches to open on Saturday across Greece

makis - May 05, 2021

Organised beaches in Greece will open n Saturday, May 8, as the easing up of the Covid-19 measures is taking…

Restarurants, cafes partially open in Greece
GREECE
shares50 views
GREECE
shares50 views

Restarurants, cafes partially open in Greece

makis - May 03, 2021

People sitting at tables outside, in restaurants, eateries, and cafes, sipping their coffee or having a snack, were encouraging images…

Covid vaccination platform for 40-44 age group to open tonight – SMS code “6” for food and coffee from Monday
GREECE
shares118 views
GREECE
shares118 views

Covid vaccination platform for 40-44 age group to open tonight – SMS code “6” for food and coffee from Monday

makis - Apr 28, 2021

Deputy Minister of Civil Protection, Nikos Hardalias, reiterated the need for all the protection measures in the churches, starting the…

Leave a Comment

Your email address will not be published.