Greek F&B sector update | Q2 2023 M&A report
Articles
18 July 2023
- Greek F&B companies resumed investments to increase productivity on the back of government incentives
- Customer demand for branded products is decreasing due to elevated shelve prices forcing companies to introduce new price tags to underpin sales volumes; private label products continue to gain market share across the basket
- European transaction multiples edged lower despite the increase in deal volume during the quarter
- Greek F&B companies remain a high priority for foreign investors; first-time buyers have initiated coverage while food groups and corporates are looking for add-on opportunities; a number of transactions already in mature stages