Germanos Group
Encyclopedia
The Germanos Group is a Greek holding company based in Athens
, Greece
.
In 2003 Germanos in a joint operation with Folli Follie
bought a 40% stake of the Hellenic Duty Free shops.
In 2006 it was acquired by Cosmoholding Cyprus LTD, a subsidiary of the mobile operator Cosmote
.
manufacturing for vehicles and electonic devices, while the retail part of electronic goods is given to the chain of stores by the same name.
, thus reducing the negative effect of battery consumption to the environment.
as well as in Eastern Europe
:
Athens
Athens , is the capital and largest city of Greece. Athens dominates the Attica region and is one of the world's oldest cities, as its recorded history spans around 3,400 years. Classical Athens was a powerful city-state...
, Greece
Greece
Greece , officially the Hellenic Republic , and historically Hellas or the Republic of Greece in English, is a country in southeastern Europe....
.
History
The Group started as a battery shop in Athens in 1980 and since then has expanded into retail when it opened its first store by the same year.In 2003 Germanos in a joint operation with Folli Follie
Folli Follie
Folli Follie Group is a Greek-based international company which designs, manufactures and distributes jewellery, watches and fashion accessories. Through its subsidiaries it also operates duty-free shops and sporting goods retail outlets.-History:...
bought a 40% stake of the Hellenic Duty Free shops.
In 2006 it was acquired by Cosmoholding Cyprus LTD, a subsidiary of the mobile operator Cosmote
Cosmote
COSMOTE is the largest mobile network operator in Greece, with 7.9 million subscribers. The company is headquartered in Athens and it is a fully owned subsidiary of the Hellenic Telecommunications Organization , the incumbent telecommunications provider in Greece...
.
Battery Manufacturing
Germanos Group's focus is batteryBattery (electricity)
An electrical battery is one or more electrochemical cells that convert stored chemical energy into electrical energy. Since the invention of the first battery in 1800 by Alessandro Volta and especially since the technically improved Daniell cell in 1836, batteries have become a common power...
manufacturing for vehicles and electonic devices, while the retail part of electronic goods is given to the chain of stores by the same name.
Environment
The Germanos Group has been operating a battery recycling program called Dias Bat since 2004. In every Germanos Store batteries are collected and given for recyclingRecycling
Recycling is processing used materials into new products to prevent waste of potentially useful materials, reduce the consumption of fresh raw materials, reduce energy usage, reduce air pollution and water pollution by reducing the need for "conventional" waste disposal, and lower greenhouse...
, thus reducing the negative effect of battery consumption to the environment.
International expansion
The Germanos group through its subsidiary's chain of stores has expanded into CyprusCyprus
Cyprus , officially the Republic of Cyprus , is a Eurasian island country, member of the European Union, in the Eastern Mediterranean, east of Greece, south of Turkey, west of Syria and north of Egypt. It is the third largest island in the Mediterranean Sea.The earliest known human activity on the...
as well as in Eastern Europe
Eastern Europe
Eastern Europe is the eastern part of Europe. The term has widely disparate geopolitical, geographical, cultural and socioeconomic readings, which makes it highly context-dependent and even volatile, and there are "almost as many definitions of Eastern Europe as there are scholars of the region"...
:
- BulgariaBulgariaBulgaria , officially the Republic of Bulgaria , is a parliamentary democracy within a unitary constitutional republic in Southeast Europe. The country borders Romania to the north, Serbia and Macedonia to the west, Greece and Turkey to the south, as well as the Black Sea to the east...
- Republic of MacedoniaRepublic of MacedoniaMacedonia , officially the Republic of Macedonia , is a country located in the central Balkan peninsula in Southeast Europe. It is one of the successor states of the former Yugoslavia, from which it declared independence in 1991...
- PolandPolandPoland , officially the Republic of Poland , is a country in Central Europe bordered by Germany to the west; the Czech Republic and Slovakia to the south; Ukraine, Belarus and Lithuania to the east; and the Baltic Sea and Kaliningrad Oblast, a Russian exclave, to the north...
- RomaniaRomaniaRomania is a country located at the crossroads of Central and Southeastern Europe, on the Lower Danube, within and outside the Carpathian arch, bordering on the Black Sea...
- UkraineUkraineUkraine is a country in Eastern Europe. It has an area of 603,628 km², making it the second largest contiguous country on the European continent, after Russia...