Marinopoulos granted temporary protection from creditors, Jetoil runs into problems

EconomyCorporates Tags: Corporates, Retail
Photo via http://www.jetoil.gr/
Photo via http://www.jetoil.gr/

A court in Athens accepted on Friday evening a request by Marinopoulos, Greece’s largest supermarket chain, for protection from its creditors.

The deadline for the protection ends on September 21, meaning that the company has less than three months to find a sustainable solution that would restore its financial position and avoid bankruptcy.

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