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Plans and strategies of the 10 major Greek companies to tackle the crisis

15 September 2013 / 17:09:30  GRReporter
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Folli Follie relies on increased demand for its products in Asia. The company recognises that the region will maintain its momentum in the coming years. Especially in China and Japan, the company is planning the development of 100 Folli Follie stores in 2013, as well as the creation of 50 new Links of London stores. There are also plans for the Greek market and in particular for "Minion", which, following the failure of the plan for the relocation of the Ministry of Environment, may become a shopping centre.


"Will open four new IKEA stores"

The company is planning expansion of its store network, despite the crisis and decline in retail. It is also planning to open 5 new IKEA stores in Heraklion, Chania, Patras and Thrace in the second half, as well as 1 or 2 Intersport stores.

Savings and cost reduction remain a priority for the second half of 2013, but these are expected to be achieved through synergies within the group.

Aegean Airlines

"The merger with Olympic will define the future"

The leadership of Aegean Airlines is focused on the European Competition Commission and is looking forward to the decision for the purchase of Olympic Air. The decision is expected in mid-October and will largely determine the future of the company and its investment plans.

One parameter that is still creating challenges for the company is competition in terms of the major European low-cost carriers that increase their presence on the market each year. The events in Syria, which led to an increase in oil prices, are also causing problems.

Tags: companies investment cost reduction
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