Marinopoulos: The end of an era – From the dominance of consumption to the final exit

For years, Marinopoulos was the precise representation of depletion successful Greece. From Marinopoulos S.A. and its concern with Carrefour and Dia to Starbucks, Sephora Greece, Marks & Spencer Greece, Beauty Shop, Fnac and GAP Greece, the household built a concern ecosystem that for much than 2 decades defined the marketplace and reflected the epoch of overconsumption similar nary other. Today, that ecosystem has each but disappeared!

The past and astir symbolic measurement is the merchantability of Marinopoulos Coffee S.A. to Alshaya Group. Under the agreement, Marinopoulos Brothers SA transfers 100% of the company, on with its operations successful Greece and Cyprus. The terms for the shares is symbolic, astatine €1, with the existent worth of the transaction being recovered successful its fiscal dimension: the caller capitalist undertakes to wage €13.2 cardinal arsenic portion of the restructuring statement and to lend an further €5 cardinal done a stock superior increase, funds that are directed to repay slope and different liabilities.