Fourlis “enters” AB, efood acquires… convenience stores and Koutsolioutsou’s shock at the size of the fraud – Economic Postman – 2024-04-12 04:29:22

The Fourlis group places special emphasis on Holland & Barrett and the collaboration with AB Vassilopoulos

· At least this is what emerges from yesterday’s teleconference with analysts on the financial figures of the listed company.

· The management stated that it intends to open new stores with the shop in shop model in the chain’s large supermarkets.

· For those who liken this specific venture to the alliance of “Kotsovolos” with “Marinopoulos” several years ago, sources in the know state that there is none.

· First, because it concerns another product category that is complementary to supermarket items, such as vitamins, nutritional supplements and natural beauty products.

· Secondly, because AB Vasilopoulos has nothing to do with Marinopoulos and the situation he experienced when he agreed with Kotsovolos.

· It should be noted that Fourlis’ plan envisages the development of a network of 100 Holland & Barrett stores in Greece, Bulgaria and Romania.

————–

What efood is looking for in small retail

· The decision of efood to step into small retail with physical stores caused a sensation.

· Who would have expected that the platform that taught Greeks to order their daily coffee… electronically would make such a move reminiscent of the past.

· However, those who know the secrets of the trade talk about a decision with a lot of perspective.

· As they say, the combination of online and physical store is the model of the future.

· The first two neighborhood stores (convenience stores) according to information that saw the light of day that will carry the “efood” brand will start in the summer.

· It should be noted that the Germans of Delivery Hero are entering a market that turns over from 2 billion euros to 4 billion euros on an annual basis.

· Not including coffee sales…

—————-

George’s shock with Alvarez’s report

· The Folli Follie scandal trial is still in the news.

· Mainly because there is a lot of interest in the speeches of the protagonists, the Koutsoliutsou family.

· Yesterday, the square was heavily occupied by the statement of the son of the founder of the group, Tzortzis Koutsoliutsou, that he did not know the extent of the “embellishments” in the accounting statements.

· He even claimed that when he found out the extent of the data falsification he was shocked when Alvarez’s report came out.

· He says he felt an anger and an indignation, and that he could not imagine such irregularities taking place…

· If he had known the consequences of beautification that it was a ticking time bomb… he would have reacted differently.

· The other mention of George Koutsolioutsou that was discussed was about the role their father had in the business and his absolute dominance

· “You’re my son, but this shop is mine and I’ll do what I want,” he allegedly told him.

· In closing, the once powerful manager claimed that today he lives with the help of friends…

————-

The “x-ray” of the Stock Exchange in March

· Foreign transactions increased to 58.2% in March, according to the latest data from the new AXIANumbers.

· Capitalization stood at €92.48 billion at the end of the month, showing a decrease of 0.88%, compared to the levels of February.

· The countries with the highest portfolio value (customer shares) for the month were the USA with a total portfolio value of €12.49 billion.

Cyprus followed with a portfolio value of €10.25 billion and Germany with a portfolio value of €5.85 billion.