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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Trade, Except Of Motor Vehicles And Motorcycles 47 - Retail trade, except of motor vehicles and motorcycles
220 - 250 jobs Number of planned job losses
Announcement Date
29 September 2015
Employment effect (start)
1 October 2015
Foreseen end date
31 December 2015
Description
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.
Sources
29 September 2015: Kathimerini
Citation
Eurofound (2015), Carrefour - Marinopoulos , Closure in Greece, factsheet number 84866, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/84866.
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