Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Carrefour - Marinopoulos, one of the biggest food retailers in Greece, is downsizing with restructuring proposals that will affect up to 250 employees. According to today's (September 29th) press releases Marinopoulos Group is intending to close up to 20 stores due to the current economic downturn. The stores are mostly small outlets that operate under the Carrefour Express brand and most of them operated in the past under the Dia brand. According to the Federation of Greek Private Employees the number of employees affected by the closure of the above mentioned outlets is 220 to 250 employees.
Marinopoulos group is a diversified, privately held company, with holdings in the retail and manufacturing sectors. In the retail sector, Marinopoulos is positioned as a leading food retailer in Greece, Cyprus, Bulgaria as well as Albania and other Balkan countries through Marinopoulos SA and is the exclusive franchisee of French multinational Carrefour in the region. Furthermore, Marinopoulos has interests in the clothing business, through its franchise agreement with GAP and its partnership with M&S and in the specialty coffee business through its partnership with Starbucks. In the manufacturing sector, Marinopoulos group is active through Famar, a leading contract development and manufacturing provider to the pharmaceutical and health and beauty industry.
Eurofound (2015), Carrefour - Marinopoulos , Closure in Greece, factsheet number 84866, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/84866.