Greek authorities call for liquidation of 22 stores in Marinopoulos restructuring plan

Greece’s competition watchdog on Thursday offered Sklavenitis a six-month deadline to liquidate 22 of its stores in Attica and Crete in order to approve a restructuring plan of the company.

According to sources, the competition authority in a 123-page report said that Sklavenitis will have to liquidate the 22 stores which present an horizontal overlap of activities and a comparable high accumulated market share on a local level. They include 19 stores in Attica and three in Crete (two in Iraklio and one in Lasithi). In the Attica, these stores are located in Aghios Dimitrios (3), Piraeus (4), Nea Smyrni, Aghios Ioannis Renti, Tavros, Palaeo Faliro, Aspropyrgos, Nikaea, Vrilissia and Kallithea.

The competition authority also called on Sklavenitis to keep on a specific number of Marinopoulos suppliers – mostly small and local – for a period of three years.