Four ERA Department Stores in Cyprus Sold for Nominal €1

How four ERA stores changed hands for €1

Four ERA department stores in Cyprus changed hands for a nominal €1 after Gencom Ltd agreed to take over their leases, staff and outstanding supplier orders worth about €4.5m. While the commercial terms were announced by Ermes in May 2025, a detailed competition decision published in the Official Gazette on August 28 provides a fuller […]