The retail sector in Greece has developed rapidly in recent years in line with the country’s booming tourist industry, leading to the establishment both of high-end luxury boutiques and integrated shopping malls. The market has been significantly affected by the Covid-19 pandemic that led to temporary restrictions and closures of shops and the expansion of on-line shopping.
Our firm has developed a deep understanding of retailers’ needs along the entire spectrum of the sector, having advised both individual luxury brands such as Chopard, Hermes, Zadig & Voltaire, and shopping mall operators and outlet centers such as McArthurGlen and Bluehouse. Our specialized and highly experienced team provides its clients with the full range of legal services, supporting them in all steps of implementation of their projects and also covering their day-to-day advice needs, offering at the same time an insight on recent developments and providing practical and effective legal solutions.
More specifically, we provide advice on all aspects of their operations, such as establishment options from a Corporate and Tax Law perspective, assistance with the acquisition or lease of appropriate real estate property, drafting of commercial cooperation agreements, lease agreements, supply agreements, employment agreements and general employment/labour issues, administrative law issues and licensing, financing arrangements, related litigation, real estate taxation issues, IP and GDPR issues.
Our extensive experience of the industry has been acknowledged also in our participation in relevant M&A projects, such as the sale to CVC Capital Partners of a minority stake in Skroutz S.A., the country’s leading e-commerce platform and one of the most visited websites in Greece.