The state and the banks received the lion's share of €80 mn collected by Orfanides administrators, as unsecured creditors prepare lawsuits claiming another € 100 mn. The former giant of the retail...
Alfa Mega seems to have proceeded with the acquisition of three Orphanides super markets today. According to information, at 14.00 the administrators of Orphanides super markets ratified the bid...
Orphanides Super Markets seem to be losing the battle for survival and the various market players are already planning the next day. The collapse of the largest supermarket chain in Cyprus - which...
30/01/2013
Part of Orphanides’ suppliers is holding a general meeting tomorrow to clarify the situation in relation to the future of the super markets. The specific suppliers believe that the opening of a...
11/01/2013
More than three thousand families will find themselves on the streets if the banks and the state do not show the necessary sensitivity to save the company, Christos Orphanides, Chairman and principal...
18/12/2012
Orphanides Supermarkets, which suspended the operation of ten supermarkets today due to a shortage in products, sent a dramatic SOS to its creditors. Speaking to StockWatch, General Manager of the...
17/12/2012
The viability and the subsequent course of Orphanides Supermarkets will depend on the decisions to be taken by the banks soon. After certain press reports, the Company announced that since the...
14/12/2012
Orphanides sold two more properties to Cyprus Popular Bank against €4.25 million. The Company announced that within the framework of the actions for the restructuring and reduction of the Group’s...
Orphanides is taking measures to reduce borrowing. The Company expects that its first half results will deteriorate due to the crisis and the investments in banking capital securities. According...
Increased competition and lower consumption affected negatively the results of Orphanides Super Markets, which showed losses and lower turnover in the first quarter of 2011. Losses reached €1.5...
29/05/2012