Marinopoulos Market

Last updated
Marinopoulos Super Markets
Company type Anonymi Etairia
Industry Retail
FounderMarinopoulos Family
DefunctMarch 1, 2017;7 years ago (2017-03-01). Now operating as Sklavenitis Greek Supermarkets S.A.
Headquarters Athens, Greece
Area served
  • Greece
  • Cyprus
  • Albania
  • Bulgaria
  • Republic of North Macedonia
Key people
Gerasimos Sklavenitis (Chairman)
ProductsSuper Market
Hypermarkets
Discount Market
Cash & Carry
Revenue€2.140 billion (2014) [1]
€131.2 million (2014) [1]
OwnerGreek Supermarkets Sklavenitis (100%) [2]
Number of employees
13,998 (2014)
Website www.carrefour.gr

Marinopoulos Super Markets was a Greek retailer. It was formed in 1995 as a 50-50 joint venture between the Greek Marinopoulos Group and the French Carrefour Group, but, in 2012, Carrefour decided to withdraw from the joint venture due to the Greek financial crisis. [3] It was the biggest retail chain in Greece in terms of both turnover and number of stores. As of 2015, the company operates over 700 stores. Carrefour Marinopoulos in 2013 had a revenue of €1.74 billion and profits €131 million. Marinopoulos brothers have a fortune of around €270 million.

Contents

Stores

CountryStores
Greece 906
Bulgaria 22
Albania 19
Cyprus 18
North Macedonia 2

Overview

Carrefour Marinopoulos stores are divided into three formats, differentiated by size and the range of products sold.

Carrefour Marinopoulos also owns 11 hypermarkets (branded Carrefour) and 4 supermarkets (branded Carrefour Express) in Cyprus.

The Carrefour Group and the Marinopoulos Group, through a different joint-venture (Dia Hellas SA), also used to control the Dia hard discount stores located in Greece. However, Dia withdrew from Greek market in 2010. [4]

Until the late 1990s the Marinopoulos super markets were operated as Prisunic-Marinopoulos in cooperation with the 1997 closed French chain Prisunic. The mascot was called ΠιΜί and was on all low cost products.[ citation needed ]

In February 2016, during the Greek economic crisis, collaboration between Marinopoulos and Sklavenitis, another large supermarket chain, was announced, under which Sklavenitis would undertake the management of the Carrefour hypermarkets. The agreement allowed for equal numbers of Marinopoulos and Sklavenitis appointees to be on the board, but the president of the board would be from Sklavenitis. [5]

See also

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References

  1. 1 2 "Carrefour Marinopoulos S.A." Archived from the original on 2016-03-05. Retrieved 2016-01-15.
  2. "'Πράσινο φως' για την εξαγορά της Μαρινόπουλος από τον Σκλαβενίτη". News247.gr. Retrieved 23 June 2019.
  3. "Business Companies Carrefour will not withdraw from China, says CEO". Want China Times. December 29, 2012. Archived from the original on March 9, 2014. Retrieved March 9, 2014.
  4. "Agreement between Carrefour Greece and Marinopoulos: Dia Stores". Bloomberg. February 18, 2010. Retrieved March 9, 2014.
  5. "Sklavenitis deal with struggling Marinopoulos seen as lifeline for latter, Dimitra Manifava - Kathimerini". Ekathimerini.com. Retrieved 23 June 2019.