ECONOMY

Everest to cater HDF fleet

Everest, the fast-food chain and catering company, has been selected by Hellas Flying Dolphins to take over the catering service on the passenger shipping company’s entire fleet of vessels. Everest currently provides catering services on 31 of Hellas Flying Dolphin’s ships, amounting to 98 sales outlets. It will take over five more vessels and 17 additional sales outlets as part of the deal, which stretches to 2004. Athanasios Papanikolaou, Everest general manager, said the strengthened cooperation with the passenger shipping company is expected to generate revenues of 12 million euros this year. «In 2004 as a result of the Olympic Games and increased passenger traffic, the turnover is projected at 15 million euros,» he said in a statement. The five vessels for which Everest will provide catering services serve the Sporades and Cyclades islands. The catering company last year joined up with Lufthansa catering subsidiary LSG Sky Chefs to acquire a 58 percent stake in Olympic Catering, a subsidiary of Olympic Airways, for 16 million euros. It beat rival fast-food chain Gregory’s and supermarket chain Bazaar. Everest is to provide ground catering and supply services while the German company will run in-flight catering. Everest has opened 76 fast-food outlets throughout the country as it seek to capitalize on Greeks’ growing preference for fast food. Outlets can be found in hospitals, supermarkets and other locations. It has also taken its brand of Greek fast food to Cyprus and Romania, with the number of outlets abroad totaling 83 to date. The restaurant business accounted for 90 percent of 2001 revenues, bakery and confectionery products 9 percent, and other business activities the remaining 1 percent.