Greece’s largest retail electrical company opening in Cyprus
Greece’s largest retail electrical company, Kotsovolos is opening two shops in Cyprus nest week, promising a “unique shopping experience”. The company announced that its two...
retail
Britain’s Morrisons agrees $8.7 bln offer from US investment group
Morrisons has agreed a takeover offer from Fortress Investment Group, which values Britain’s fourth-largest supermarket operator at 6.3 billion pounds ($8.7 billion). The offer from...
US firm expected to offer $9 bln for Morrisons
The US private equity firm trying to buy Morrisons (MRW.L) should increase its offer to around 6.5 billion pounds ($9 billion) to merit engagement from...
Tesco’s UK sales growth slows as pandemic restrictions ease
British supermarket chain Sainsbury’s (SBRY.L)forecast a big rebound in underlying profit this year after a 39 per cent fall in 2020-21 as strong food sales...
British supermarket Morrisons faces heat over unhealthy food
Morrisons on Thursday became the latest British supermarket group to be targeted by activist shareholders over the amount of unhealthy food it sells. Responsible investment...
Coronavirus: Keve says would be unfair to exclude malls from reopening
It would be unfair to exclude shops in malls from reopening during the first stage of relaxations, the Cyprus Chamber of Commerce and Industry (Keve)...
Coronavirus: Larnaca shops in dire straits says union
Many Larnaca shopkeepers are “financially devastated” because of government measures against the coronavirus, the Larnaca-Famagusta branch of the small shopkeepers’ union (Povek) said on Monday....
TC traders protest against new crossing rules for GCs
Turkish Cypriot shopkeepers are protesting against the obligation imposed by the ‘health ministry’ on those wishing to cross to the north to present a document...
Coronavirus: weaknesses in some sectors as regards compliance with new rules
Selective inspections will be carried out in sectors where weaknesses have emerged, the head of the labour inspection department Anastasios Giannakis said on Friday. The...
Coronavirus: Povek says retailers still struggling
Despite shops being allowed to reopen in Monday, the retail trade has not yet recovered, general secretary of shop owners union Povek Kyriakos Moustakas warned...
