Greece’s super market sector experienced a dramatic restructuring in the crisis-plagued 2013-16 period with buyouts and mergers affecting 593 outlets and 23 super market chains. Turnover for the affected stores alone reached one billion euros a year, based on estimates of each outlet’s sales and published figures.
The biggest deals involved the merger of the Marinopoulos and Sklavenitis chains, as well as the purchase of the Veropoulos network by Metro S.A. Other changes on the landscape included the collapse of an agreement between Karypidis group with Marinopoulos and the subsequent interest expressed in the former’s 149 stores by the Pilidis company.
Last year Sklavenitis had picked up the Makro Cash & Carry network and 60 percent of the Halkiadakis chain.
At present, the five biggest super market groups in Greece retain 75 percent of the sector’s turnover.
