Sklavenitis "coming soon" as Papantoniou Supermarkets begin transformation

Work is in full swing at Papantoniou Supermarkets as part of their renovation and integration into the Sklavenitis Cyprus network.

After signing a deal that is set to change the map of the local food retail scene, Sklavenitis Cyprus is strengthening its presence in the Cypriot market and expanding its network of stores, looking forward to even conquering the first place in the sector.

Following the signing of an agreement to acquire Papantoniou Supermarkets by Sklavenitis Cyprus last November, under which all of the former's employees were absorbed in their entirety by the latter, one of the next decisive steps in completing the agreement is the operation of the nine Papantoniou Supermarkets stores according to the Sklavenitis Supermarkets standards and practices.

As the photos show, work has begun for Papantoniou Supermarkets to officially join the Sklavenitis Cyprus network, with billboards heralding the upcoming arrival of Sklavenitis Supermarkets.

It is recalled that, as InBusinessNews wrote , in February the renovation process of the nine Papantoniou Supermarkets stores began with the aim of their full integration and the adoption of the model followed in the existing 18 Sklavenitis Cyprus supermarkets.

The goal, according to the same information amassed by InBusinessNews , is for the nine Papantoniou stores to be fully integrated and operate under the Sklavenitis brand, within a short period of time.

Within 2025, Sklavenitis Cyprus is expected to officially strengthen its presence in the Cypriot market, through the legal and tax completion of the acquisition of Papantoniou Supermarkets, but also through the operation of the nine Papantoniou Supermarkets stores according to the standards of Sklavenitis Supermarkets.

The deal, which has secured the approval of the Commission for the Protection of Competition last October, is expected to create another chain with an estimated total annual turnover of close to €400 million.

(Source: InBusinessNews)