Insider Business New Jumbo store in Cyprus by summer 2020

New Jumbo store in Cyprus by summer 2020

Jumbo has announced that a new store in Cyprus and more particularly in Nicosia is to operate by the summer of 2020.

Jumbo Trading Ltd – the Greek Group’s subsidiary in Cyprus – now comprises a total of five stores – one in Nicosia, one in Larnaca, two in Limassol and one in Paphos.

The former headquarters of Stephanides Group, located near The Mall of Cyprus, will now host Jumbo’s new store. These premises were in the hands of Bank of Cyprus Real Estate Management Unit (REMU) for some time now.

According to a company announcement, the aim is for the new Jumbo to operate and be part of the branch network within the next two years.

In addition, the Group which was renting out space at the former Orphanides supermarket in Limassol, recently announced that it has now bought it over.

In the second half of 2018, the Group recorded sales in Cyprus of €50 million and a pre-tax profit of €16.9 million compared to €16.5 million in the same period last year.

In addition to Jumbo Trading Ltd, the Group maintains two more subsidiaries in Cyprus – Aspetto and Geocam Holdings – whose activities are in investment.

Jumbo Group, which operates in many Balkan countries, has announced that overall profits increased by 9.2% between July 2018 and December 2018.

Read more:

https://in-cyprus.com/former-orphanides-premises-to-host-big-retail-brands/

Top Stories

128 new cases, three deaths announced on Wednesday

The Health Ministry announced the death of three persons due to COVID-19. This raises the death toll from the virus in Cyprus to 193,...

Where to get antigen rapid tests during period 28-31 January

The Health Ministry announced the following antigen rapid test sites during the period 28-31 January 2021: LIMASSOL Church of Agios Ioannis Eleimon, Limassol 08:30-18:30 Cultural Center Mesa...

Israel, Denmark to vaccinate all athletes for Tokyo Olympic Games

Several countries, including Israel and Denmark, said on Wednesday they would vaccinate their athletes and staff against COVID-19 ahead of the Tokyo Olympics, amid...

UK AstraZeneca vaccine plant partially evacuated over suspect package

A factory in Wales that produces AstraZeneca's COVID-19 vaccine was partially evacuated on Wednesday after it received a suspicious package and police said a...

43-year-old arrested for speeding

Members of the Police arrested this morning a 43-year-old man who was seen speeding at the Nicosia-Larnaca road near Koshi village. The man was stopped...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...