In the lost clientele Marinopoulos aims the Sklavenitis

The achievement of an annual turnover of 1.2 – 1.3 billion. euro is the bet that has put the group whole foods for the revival of the network…
the group Marinopoulos, which passes 100% of the new company will be set up for this purpose. The bet is considered to be ambitious given the fall of retail sales on the one, but not impossible given the strengthening of the great chain of the industry in the last few years, as reported in an article in the “Daily Sunday”.
The estimates are based on the full recovery of the turnover of the Marinopoulos before the outbreak of the crisis in 2015 and peaking in 2016, when the 2014 the turnover of the once mighty company’s retail business had reached 1.5 billion. euro. The optimism stems from the displacement of the turnover in the last few years from the small to the large chains in the industry. It is characteristic that while the industry food lost 25% of its revenue in the period 2008 – 2015, the strong players have increased their share, and today, five major groups control 75% of the market.
As the group as a whole foods, after all, after the acquisition in 2014 of Makro Cash & Carry (renamed Mart) and 60% of the cretan company Χαλκιαδάκης 2015, increased its sales by 40,7%, reaching 1.7 billion. euro. According to a study by Infobank Hellastat, the market is expected to decline this year at 18.7 billion. euro, as well as during the year will reflect the full effects of the VAT increases and the overall sense of uncertainty in the economy. A key element for the configuration of the map in the retail sector and the next day is the attitude that will keep the other players in the industry, which will also rationalise the policy on the basis of the new data.
The crucial issue is the return of consumers to stores and the time limit is no later than within four months, after completing all the steps for the approval of the agreement and the establishment of the new company. The restructuring of the network, especially in Attica, where the group whole foods is already strong, is considered to be deterministic. Something, moreover, can be indicated and by the Competition Committee who will be asked to approve the transfer, immediately after the ratification by the Court of first instance, which is expected on 21 September or possibly a little later, as it is not excluded to request a small extension.

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