Creta Farms

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Euphorbia AB

Creta Farms in imminent danger of collapse

The creditors of financially distressed deli products company Creta Farms appeared willing last month to lend the company 8 million euros, on the condition that brothers Manolis and Konstantinos Domazakis, owners of 80 percent of the company, put up their shares as collateral.
The pair did not do so and the company, which employs 800 people, is in imminent danger of collapse.

Creta Farms plots expansion

Listed food company Creta Farms announced on Wednesday that it continues the production of innovative products and investment in research and development, along with targeting international markets, either through exports or via licensing agreements.