Hellenic reveals new ambitions

Tina Milton

1-Jul-2006

GREECE. Hellenic Duty Free Shops has revealed its ambition to acquire a supply portfolio of international brands following its ownership restructure

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Jewellery brand Folli Follie took full control of the travel retailer when it bought Germanos' share of the business in May.

Hellenic deputy general director Harilaos Lambropoulos (pictured) said: "The

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(15-Jan-2002) - Nick Hillyard has left his position as consultant to Hellenic Duty Free Shops following recent changes in the agreement between the board and joint venture management company GTM.
(3-Jul-2002) - GREECE. Hellenic Duty Free Shops expects to sign a preliminary agreement by early next month to buy stakes in two Turkish border duty-free operators. A Hellenic spokesman said the company was in financial and legal due diligence to acquire 60% of a joint company, but would not confirm the names of the operators involved.
(18-Dec-2001) - GREECE. Hellenic Duty Free Shops subsidiary Hellenic Distribution is to open 10 stores onboard the ships of Greek ferry operator Minoan Flying Dolphins, sources close to the deal told DFNI.
(1-Apr-2002) - GREECE. According to sources at Hellenic Duty Free Shops, Aldeasa and The Nuance Group?together with its new shareholders?are among seven groups to have registered interest and requested the memorandum documents for the sale of a stake in the Greek operator of between 40% and 60%.