Five supermarket chains fined for profiteering

Five supermarket chains fined for profiteering

Five leading supermarket chains have been fined a total of 382,497 euros for over-pricing their products, the Development Ministry announced on Thursday.

The biggest fine, which is also the second-largest on record in Greece, went to the Dutch-owned AB Vassilopoulos chain, which faces a bill of 319,900.

Lidl Hellas, a subsidiary of the German budget chain, was fined 26,880. Even though this is below the shaming threshold of 50,000 euros, authorities announced its name because it is a repeat offender.

Fellow repeat offenders Galaxias and Kritikos also have to pay 21,387 and 9,330 euros respectively, while another chain, which remains unnamed, was fined 5,000 for its first transgression.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.