date:Feb 21, 2014
Greek supermarket chain Marinopolous has announced that it will buyout all 130 stores belonging to local rival Arvantidis for an undisclosed fee.
The 130 stores are located in the northern part of Greece, primarily in the areas around Thessaloniki, Pella and Pieria.
Over the past year, Arvantadis have been fighting tough economic conditions- resulting in store closures and staff strikes because of unpaid wages.
According to Bulgarian trade publication Regal, Marinopolous, which is a franchis