EMCC European Monitoring Centre on Change

Yvoni Stores S.A.

Company/Organisation:
Yvoni Stores S.A.

Geographic Location

Country: Greece
Region: Attiki

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
47.75 - Retail sale of cosmetic and toilet articles in specialised stores
Number Employed: 120

Employment Effects

Announcement Date: 17-05-2003
Planned Job Reductions min: 120
Planned Job Reductions max: 120
Type of Restructuring: Bankruptcy/Closure

Additional Information

Yvoni Stores S.A. will stop all economic activities. They claim that the company was operating a loss, mainly due to the intensive competition in retail of cosmetic and toilet articles, but also due to some cash flow problems.