Sklavenitis Cyprus: Renovation and integration plan for Papantoniou stores in full swing

Sklavenitis Cyprus is actively implementing its comprehensive plan to fully integrate Papantoniou Supermarkets into its store network. So far, three Papantoniou locations have been renovated, integrated, and are now operating fully under the Sklavenitis supermarket concept.

As a reminder, the acquisition agreement for Papantoniou Supermarkets was finalized in November 2024, adding nine new locations to the Sklavenitis Cyprus network. This brought the total number of stores across Cyprus to 27.

End-of-year integration target

The company aims to complete the renovation and full integration of all nine Papantoniou stores into the Sklavenitis Cyprus network by the end of the year. Simultaneously, the goal is to finalise the legal and tax aspects of the acquisition within the same timeframe.

As previously reported, this acquisition reshapes the food retail landscape in Cyprus. It is seen as a move that strengthens the market presence of Sklavenitis, creating a new chain with an estimated annual turnover nearing €400 million. While not officially stated, the company’s strategic ambition appears to be achieving second place in market share initially, with a long-term goal of becoming the market leader.

Latest store: Kato Paphos

The most recent store to transition under the Sklavenitis brand is the Kato Paphos location, which began operating under the new name on May 23, 2025. It is located at 4 Lidas Street and has retail space measuring 2,750 square meters. It features a butchery, produce section, deli and cold cuts, ready meals, home and seasonal goods, a flower shop, a restaurant, and an atrium. The store also provides 85 parking spaces.

Following the acquisition, Sklavenitis now operates seven stores in the Paphos region.

Earlier launches: Engomi and Ypsonas

The Engomi store opened on March 1, 2025, at 27 Vasileos Pavlou Street. It offers 2,900 square meters of retail space and includes a butchery, produce section, fish market, bakery and pastry counter, deli and cold cuts, ready meals, home and seasonal goods, and a restaurant. It has a total of 195 parking spaces. This was the first Papantoniou location to be renovated and integrated, following the layout and customer experience model used in existing Sklavenitis stores.

The Ypsonas store followed, launching on April 5, 2025. Located at 20 Petraki Yiallourou Street in Limassol, it has 3,500 square meters of retail space and features a butchery, produce section, fish market, deli and cold cuts, ready meals, home and seasonal goods, a bakery and pastry counter, and an atrium. The location includes 200 parking spaces.