Tsantali was a Greek wine and liquor producer. The company was founded in East Thrace (now part of Turkey), and originally produced ouzo and tsipouro. After its move westward to Macedonia, it increasingly focused on wine production, which by 2005 [update] accounted for approximately four-fifths of its production volume and just under half its revenue, making it one of the two major wine companies of Macedonia (along with Boutari). As of 2005 [update] , it owned 260 hectares of vineyards and had another 1,250 ha under contract, and produced 16–20 million liters of wine per year. Of its exports, approximately 65% go to Germany. The company had a particular reputation for reviving wine styles with historical associations, of which the Rapsani and Agion Oros lines have been its most successful. [1]
After Evangelos Tsantalis' death (1996) owners where his daughters (37.5% Haido Tsantali and Ioanna Tsantali) and his nephew (25% Dr. Georgios Tsantalis), while CEO was Haido's ex-husband Angelos Dimitriadis until 30/06/2023 [2] .
However, no investments were made after the 2008 financial crisis, and mismanagement by the administration led to a default until 2022.
The CEO (Angelos Dimitriadis) took advantage of the situation and embezzled the company's wealth through various methods to the point that he was targeted by the tax authorities as one of the 1600 get-rich-quick scheme. [3]
At 30/06/2023 when the term of office of the Board expired, suppliers and employees remained unpaid for up to 9 months, and the commercial part of the company was transferred to Board S.A. of Andreas Antonopoulos' interests. Ag. Pavlos winery was closed down and about 150 workers were left unemployed and unpaid. [4]
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