Brief History

From the opening of our first store in 1974 through to the present day, read all about the colourful past of Ermes Group:


Establishment of the F.W.Woolworth (Cyprus) Co Ltd, as a branch of the British chain Woolworth Plc.


The Company operated its first department store


NKS acquired the single Woolworth store in Nicosia


Converted into a public company and listed on the Cyprus Stock Exchange


Launch of Woolworth Apollon in Limassol


Launch of Woolworth Olympia in Limassol


Acquisition of the largest hypermarket in Larnaca and its conversion into Woolworth Zenon Department store


Launch of Woolworth Kinyras in Paphos


Acquisition of ZAKO Ltd


Refurbishment of the highest building in Cyprus (16 stories), launched as Woolworth Ledra in the center of Nicosia


Opening of Super Home Center ( D.I.Y.) in Nicosia


Opening of "Avenue" Department store in Nicosia.


Establishment of C.W.Artopolis Ltd


Establishment of Dodoni Ice-cream Cyprus Ltd


Opening of Korivos Commercial Center in Paphos of Woolworth Korivos Department store


Opening of Korivos Commercial Center in Paphos of SUPER HOME CENTER


Opening of Miss Sixty store in Nicosia


Reorganization and Segregation of Woolworth Commercial Operations


Rebranding of Woolworth Department Stores to Ermes Department Stores.


Debenhams participation in Ermes


- Debenhams PLC   - 10%


- Cyprus Trading Corporation Public Ltd   - 83%


- Woolworth (Cyprus) Properties Public Ltd   - 7%


Rebranding of Ermes Apollon – Limassol and Ermes Kinyras - Paphos to Debenhams Apollon and Debenhams Kinyras.


Renaming of the remaining Ermes Department Stores to Debenhams. A total of 8 department stores all over Cyprus.


Public offering of Ermes shares to the shareholders of Woolworth(Cyprus) Properties Public Ltd and to third parties


Opening of 8 new stores at the Mall of Cyprus and the Mall of Engomi


- 2 new Debenhams Department Stores.


- 2 new Oviesse Stores.


- 1 new Next Store.


- 1 new Glow Store.


- 1 new Super Home Center Store.


- 1 new Cortefiel Store.


Takeover after competition the operation of the 9 ERMES stores in the British Bases.


Renovation and upgrade of the ERMES stores in the British Bases (2008-2014).


New Operations


- Acquisition of 50% of the share capital of CTC – ARI.


- Acquisition of 100% of the share capital of Scandia Company Limited and Domex Limited which were held by CTC


- 1 new Glow store (Ledra)


- 1 new Peacocks store (The Mall of Cyprus)


- 1 new Peacocks store (Apollon - Limassol)


- Upgrading of the parking place at Debenhams Apollon


- New Bakery ARTOPOLIS opposite to The Mall of Cyprus


- New restaurant Park Cafe opposite to The Mall of Cyprus


- New cafe Coffee & More at The Mall of Cyprus


- Conversion of 2 Peacocks stores to 2 OVS stores

        2013                     - Closure of Debenhams Avenue  
            -  Creation of a new cosmetics loyalty scheme - The Debenhams Beauty Club Card  
           -   1 new Arte Italiana at The Mall of Cyprus  
2014          -   Conversion of the Park Cafe Restaurant to Mangia Restaurant  
           -   Introduction of new fashion brands at Debenhams Department Stores  
2015         -   Opening of 1 new Uber Stores at The Mall of Engomi  
          -   Opening of Next Kids at The Mall of Engomi and closure of the Next Ledra store  
          -   Conversion of Cortefiel store to Navy & Green store at The Mall of Cyprus  
          -  1 New Coffee & More at The Mall of Engomi