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FAGE

Two of Three Greek Firms Losing Money

How bad was 2012 for Greek companies? There were two loss-making businesses for every one that turned a profit among the 267 listed on the Athens Stock Exchange, bleeding money during a crushing economic crisis, the newspaper Kathimerini reported. With...

Greek Certainties: Death, Taxes and Tax Evaders

Raising taxes is supposed to be antithetical to Republicans and Greece’s New Democracy Capitalists who usually pin that on Democrats and the Left. But it wasn’t surprising when, instead of going after tax evaders who owe their beloved country $70...

FAGE Int'l Offers to Isolate Greek Units in Bid to Woo Investors

FAGE International SA is seeking to persuade bond investors to fund its US expansion by offering to isolate its units in Greece, buffering the rest of the yogurt maker from declining revenue there. FAGE, which traces its roots to a...

Fage Vs. Chobani in Yogurt War

The Greek dairy company Fage, which has moved its headquarters from Greece to Luxembourg and finding its market share overwhelmed in the United States by Chobani, run by a Turkish-American, is now battling for space on shelves of the...

FAGE Moves its Headquarters from Greece to Luxembourg

Dairy giant FAGE announced that is transferring its headquarters to Luxembourg from Greece. The move is considered a step for the company to  reduce its exposure to the Greek financial crisis. Luxembourg also offers a favorable tax environment and better access...

It’s a Family Affair: Political Incest in Greece

Greek Prime Minister Antonis Samaras is about as a funny as a Republican defending legitimate rape, but he did manage to come up with a good one when he said he wants to ban Members of Parliament from hiring...