Cyprus-Forum.com

[petrinela33]

I have heard a rumour that tesco or asda are coming to cyprus .Does anyone have any information

[davidp]

I heard that tesco was interested in buying orphanides.

[rotate]

Tesco supposedly purchased land in the RoC about six years ago for the development of at least two superstores. The jaundiced view is that the company is now waiting for the introduction of the Euro in Cyprus before commencement of building.

Orphanides would be a prime target for a takeover, the introduction of 'Orphanides Local' in line with whats happening in the rest of Europe fits very well with Tesco strategy. Perhaps Tesco are here already

[Hazza]

I really can't wait until they get here. Why? I miss Tesco Pork Pies

[coredump]

I heard that tesco was interested in buying orphanides.

I heard the same.

Also there is something about Chris Cash and Carry:

Carrefour to take over Chris Cash and Carry
By Staff Reporter
(archive article - Friday, May 20, 2005)

CARREFOUR Marinopoulos yesterday announced it had reached a £21.6 million agreement with the Chris Cash and Carry supermarket chain to take over the company.

An announcement issued by Carrefour said it had reached an agreement with Andreas Andreou, the chain’s CEO and majority shareholder, to establish an SPV – an organisation constructed with a limited purpose of life – that would launch a tender offer for the company’s entire share capital at a price of 32 cents per share.

The SPV would be entirely owned by Carrefour Marinopoulos.

Total equity for Chris Cash and Carry has been valued at £21.6 million.

Andreou would tender all his company shares to this public offer and after the closing date he will participate in the SPV with a 49.9 per cent stake.

The remaining 50.1 per cent would be owned by Carrefour Marinopoulos.

Upon completion of the procedure and fulfilment of certain conditions, including approval by the authorities, Chris Cash and Carry’s daily operations would be taken over by Carrefour Marinopoulos.

According to the announcement, Chris Cash and Carry is the number two food retailer on the island with £55.3 million in net sales last year.

The company operates three hypermarkets and three supermarkets and is preparing to open its fourth supermarket this July.

Carrefour SA is the number one food retailer in Greece with 2.04 billion euros in net sales for 2004.

Carrefour, the largest retailer in Europe and Latin America and the first international retailer in Asia, struck a partnership with Greece’s Marinopoulos five years ago.

Copyright © Cyprus Mail 2005

http://www.cyprus-mail.com/news/main.ph ... &archive=1

[devil]

The CC&C/Carrefour deal is done! There are already a few Carrefour items in the shops (kitchen towels, orange juice etc.).

I find it ironic that one of the first items is OJ, to a country which grows oranges in industrial quantities Talk about coals to Newcastle!

I'm waiting for decent French cheese and Bayonne ham. Actually CC&C's cheese selection has improved recently, but it is still all factory-made, tasteless, stuff. The best cheese and charcuterie selection is still Alphamega, but it ain't cheap (e.g., they have a good Gruyère at ~£14/kg; the same, retail, in Switzerland is the equivalent of ~£6-7/kg and I know that exported Gruyère benefits from a subsidy. A fair retail price, even allowing an excessive £1/kg for transport, should be no more than £8/kg).

I suspect that the Tesco/Orphan Annies deal must have fallen flat, as everything has gone quiet.

[Sotos]

The CC&C/Carrefour deal is done!

Yes. I was there yesterday and I saw several Carrefour items on special prices. Does this mean CC&C will change its name soon?

The company operates three hypermarkets and three supermarkets and is preparing to open its fourth supermarket this July.

What is the difference between a supermarket and a hypermarket? Hyper is the Greek word for super.

[coredump]

What is the difference between a supermarket and a hypermarket? Hyper is the Greek word for super.

http://dictionary.reference.com/search?q=hypermarket

- A very large commercial establishment that is a combination of a department store and a supermarket.

- a huge supermarket (usually built on the outskirts of a town)

[davidp]

What is the difference between a supermarket and a hypermarket? Hyper is the Greek word for super.

http://dictionary.reference.com/search?q=hypermarket

- A very large commercial establishment that is a combination of a department store and a supermarket.

- a huge supermarket (usually built on the outskirts of a town)

Yippee,
That happened in many towns in England.
The Result
Local businesses were forced to close becuse they couldn't compete with artificially cut prices

Producers were forced to sell at what the supermarkets wanted to pay

More result
Shoppers were forced to buy what the hypermarkets chose to sell

Goodbye freedom of choice hello unblemished tasteless tomatoes.

maybe i should rehandle myself 'cyprus grump two'

[andytandreou]

The Result
Local businesses were forced to close because they couldn't compete with artificially cut prices

David, stop defending local businesses. The market flows with demand and supply. Local businesses simply cannot offer what people of the 21 century need. I would gladly see a local business close if it was selling over priced, expired, dusty produce WHICH THEY ALL DO!

Producers were forced to sell at what the supermarkets wanted to pay

This is true but producers are the most backward people on the planet... They could easily form groups and sell with better margins but some producers are so backwards it's unbelievable. In the USA producers get together to share land, resources like water and machinery, they even combine efforts to use satellite data which is expensive but tells them where their fields need more nutrients. In Cyprus you drive by and see the oddly shaped fields and think "How can these guys survive by cultivating these small irregular fields?", and each field needs it's own water, machinery and hard work by a single farmer!! Have these people not heard of "economics of scale"?!

Shoppers were forced to buy what the hypermarkets chose to sell

To be honest... In the UK, all i shopped was "Tesco Value" items, but if i felt like spending more on things I valued more I went for "Tesco Finest". I believe consumers limit their choice if they are happy. Just look at how we all use Google and not Yahoo or MSN!

Goodbye freedom of choice hello unblemished tasteless tomatoes

This will happen eventually. In fact it's already happened in Woolworth/Ermes and most other places. But it's this very event that will trigger more of those amazing Sunday fruit markets we all love and hopefully we'll start seeing more organic markets in Cyprus. I NEVER get my fruit and Veg from the supermarket anyway