Nicolas shacolas biography

Woolworth (Cyprus)

Woolworth (Cyprus) Properties PLC is a Cypriotreal estate developer and property management company. The company was originally established as a retailer in , which later became a subsidiary of the Shacolas Group in , and divested of its retail assets in

Since , the company has been publicly listed on the Cyprus Stock Exchange.

History

Retailer (–)

The company began in with the opening of its flagship Woolworth store in Nicosia as a division of F. W. Woolworth & Co. Ltd from the United Kingdom.[1]

In , the Cyprus operations were sold by the UK parent company to local entrepreneur Nicolas Shacolas (later awarded an OBE).

Nicolas shacolas biography Since , the company has been publicly listed on the Cyprus Stock Exchange. Certainly, I would like to have a workable solution of this issue, but, as you know, by the agreement signed in , Turkey has the right to have troops in Cyprus and the right of intervention. True, had world economy continued its upward spiral of growth, Shacolas might have succeeded in modernising the entire island. Yet, all politicians respect you and ask for advice from you.

Under Shacolas’ leadership, the business expanded rapidly across Cyprus, opening additional Woolworth stores that catered to a more upscale market. These stores featured designer clothing, luxury goods, perfumes, and food supermarket concessions, differentiating them from the original British Woolworths concept of discount pricing and selling home improvement items.[2]

In , the retail operations of Woolworth Cyprus was acquired by Ermes Department Stores PLC, renaming the stores to Ermes.

However, Shacolas Group retained ownership of the land, property management rights, and responsibilities for developing new commercial projects.[3] In December , the Ermes stores underwent another rebranding to Debenhams through a franchise agreement.[4] In March , the Debenhams franchise agreement ended, and the stores transitioned to ERA department stores.[5]

In May , Woolworth Deutschland acquired the rights to the Woolworth name for retail purposes throughout the entire European Union, and were unchallenged in their application by Woolworth Cyprus Properties.[6]

Real estate development (–present)

In , F.W.

Woolworth & Co (Cyprus) Ltd. went public on the Cyprus Stock Exchange as Woolworth (Cyprus) Properties PLC. The group would then become involved with a number of projects outside of retailing, including golf courses and resorts.[7]

References

  1. ^"Woolworths Department Store, Cyprus".

    British Empire & Commonwealth Collection.

    Nicolas shacolas biography death His humble origins in agricultural exports potatoes and citrus took off when he set up his own company in London in In , F. I want to keep it in my memory as it was in those years. This is the difficult situation.

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  2. ^Jay P. Pederson, International Directory of Company Histories (London: Gale Press, ; vol. 8, no. 24) p
  3. ^'Woolworth (Cyprus) set its sights on foreign investors' in Cyprus Weekly (Cyprus newspaper, 18 September
  4. ^'Debenhams Buys Into Cypriot Group', in The Independent (UK newspaper), 29 December , p
  5. ^"End of an era for Debenhams: CTC Group replaces brand".

    . Retrieved

  6. ^GmBh, Woolworths. "Woolworths - ".

    Nicolas shacolas biography wikipedia How do you supervise all of these projects and carry them to success? References [ edit ]. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Contents move to sidebar hide.

    . Retrieved

  7. ^"Woolworth Cyprus Properties PLC, 0EIN:LSE summary - ". . Retrieved