Ermes subsidiary expands into Crete

Ermes Department Stores Plc announced that its subsidiary in Greece, Fashionlink SA, has signed a long-term lease agreement, for the opening of two new stores in Talos shopping centre, which is currently under construction in Heraclion – Crete.
The Italian firm Oviesse will open its first shop. In the past 35 years, Oviesse offers high-quality products that are in line with the latest fashion trends in attractive prices. It is a pioneer fashion company in Italy, with 10.5 million customers per annum. With 216 shops in Italy and abroad, it is the largest retail trade network of the country. In Cyprus, Ermes has already opened the first Oviesse shop in The Mall of Cyprus and is planning to open the second in The Mall of Engomi.
The same shopping centre in Heraclion will also host a Peacocks store of 500 square meters, the second in Greece. Peacocks is a British fashion firm with products suitable for all family in low prices. Cyprus has already two Peacocks stores. In Crete, the two stores will open in March 2008.