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Marinopoulos travails point to wider difficulties for supermarket sector
It’s been a dramatic few days for the Marinopoulos, Greece’s biggest supermarket chain. The company filed for protection from its creditors last Tuesday amid 1.3 billion euros of debt, an unprecedented amount for a Greek company. A court granted it temporary respite on Friday.
It came as no surprise to anyone who has visited the chain’s stores in the last few months. Disputes with unpaid suppliers have meant that the supermarket’s shelves were often eerily empty. Products were pushed to the front with back rows left completel...
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