Loading Text-to-Speech... The large signs in the window of dozens of clothing stores on Patissia Street are blatant. «All EUR 2,99» write in large letters «They hit» in the eye of the passerby and gain interest, as always when a product is abnormally cheap. The clothes in many of these shops, which have multiplied the last [...]
The Greek retail market continues to show remarkable resilience, with the top commercial markets maintaining high demand levels and wage values moving upwards. Although consumers remain cautious in their markets, international chains continue to invest in the Greek market, intensifying competition for the limited areas available. THE ARTICLE CONTINUES [...]
The Marinopoulos family dominated the Greek retail trade and pharmaceutical industry for decades. It began in 1893 with a pharmacy in Solon, while in 1949 FAMAR was founded. In 1962 he opened the first supermarket in Kolonaki. Dimitris Marinopoulos was president of BSE in 1966-1970 and 1974-1978. The family brought to Greece Marks & Spencer (1990), Gap (2008) and Starbucks. In June 2016 the chain went bankrupt with debts of more than 1 billion euros due to overborrowing, incorrect handling and family disputes. The network passed to Slavenis, and recently lost Starbucks.
