Atlantic ( el, Ατλάντικ) was a large
supermarket chain in
Greece
Greece,, or , romanized: ', officially the Hellenic Republic, is a country in Southeast Europe. It is situated on the southern tip of the Balkans, and is located at the crossroads of Europe, Asia, and Africa. Greece shares land borders ...
. Atlantic supermarkets were founded in 1980 by Panayiotis Apostolou. Up to 1985, the company was a small chain with just 5 stores. After 1985, the company expanded rapidly through both
organic growth Organic business growth is related to the growth of natural systems and organisms, societies and economies, as a dynamic organizational process, that for business expansion is marked by increased output, customer base expansion, or new product devel ...
and a number of acquisitions and takeovers. Atlantic was a public company and its shares used to trade in the
Athens Stock Exchange from 2000 up to 2010. As of 2006–2007, the company had 182 stores nationwide and was the fifth largest supermarket chain in Greece as measured by market share. The company had also operated a franchise network of smaller stores branded ''ARISTA''. Since 2009, the company had suffered from serious financial difficulties (mainly due to excessive borrowing) and eventually (in 2011) went into liquidation. The company ceased all trading as of 3 August 2011.
See also
*
List of supermarket chains in Greece
External links
Atlantic supermarkets website(in Greek and English)
Supermarkets of Greece
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