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Supermarket chain Marinopoulos files for bankruptcy

Greek supermarket chain Marinopoulos has reportedly filed for bankruptcy on Tuesday morning, with the first instance court…

Greek supermarket chain Marinopoulos has reportedly filed for bankruptcy on Tuesday morning, with the first instance court examining the case at noon.

The supermarket chain has suffered major liquidity problems in recent years,with some reports suggesting that the troubled company has accumulated 500 million euros worth of debts towards suppliers.

Prior to filing for bankruptcy a deal was being brokered with the Sklavenitis supermarket chain to take over the 33 Marinopoulos stores. The latest developments however suggest that the deal will be cancelled.

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