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At a glance

Shaping the Future of
Retail in Southeast Europe

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Boasting a successful presence of 75 years, Fourlis group is a dynamic force in the retail sector in Southeast Europe, offering a diverse range of high-quality products to consumers. We continue to strengthen the market position of our brands and deliver substantial profitability growth. We are committed to executing our strategic plan and generating free cash flow and returning value to our shareholders. Throughout the year, we achieved pivotal strategic milestones that fuel the group’s growth trajectory.

Milestones

New IKEA store in Heraklion, Crete

A new IKEA store in Heraklion opened in April 2025, further strengthening IKEA's presence in Greece and expanding access to affordable home furnishing solutions.

Completion of acquisition of Foot Locker operations in Greece and Romania

3 stores in Greece along with 1 ecommerce and 3 stores in Romania, acquired in April 2025.

New IKEA store in Patras.

A new IKEA store in Patras open in October 2024. It spans 7,200 square meters and is part of the Trade Estates Top Parks concept, bringing greater reach and accessibility to a high-potential region.

We completed the remodeling of the IKEA store at the Athens International Airport retail park.

The resizing of IKEA allowed us to introduce three new complementary tenants: INTERSPORT, Holland & Barrett, and Plaisio, creating a more dynamic and synergistic retail destination.

Strategic entry into athleisure via Foot Locker partnership.

Tapping into the fast-growing lifestyle & fashion segment of the sportswear market and expanding geographically into 8 markets in SEE through the licensing agreement with Foot Locker.

We successfully introduced the Foot Locker brand in Bulgaria in December 2024,

opening three new stores in top-tier retail locations (The Mall Sofia, Grand Mall Varna, and Galleria Burgas), with strong consumer engagement..

In 2024, INTERSPORT expanded its footprint with 8 new store openings

across our region, reinforcing its presence in our markets.

In 2024, we opened 4 new Holland & Barrett stores in Athens,

as part of our 3-tier format strategy, bringing the total to 10 stores across Greece, complemented by a fully operational e-commerce channel.

Collaboration with InterIKEA for the establishment of InterIkea’s 46th International DC.

We completed the deconsolidation of Trade Estates,

further simplifying our structure and allowing us to focus on driving value from our core retail businesses.

New IKEA store in Heraklion, Crete

A new IKEA store in Heraklion opened in April 2025, further strengthening IKEA's presence in Greece and expanding access to affordable home furnishing solutions.

Completion of acquisition of Foot Locker operations in Greece and Romania

3 stores in Greece along with 1 ecommerce and 3 stores in Romania, acquired in April 2025.

New IKEA store in Patras.

A new IKEA store in Patras open in October 2024. It spans 7,200 square meters and is part of the Trade Estates Top Parks concept, bringing greater reach and accessibility to a high-potential region.

We completed the remodeling of the IKEA store at the Athens International Airport retail park.

The resizing of IKEA allowed us to introduce three new complementary tenants: INTERSPORT, Holland & Barrett, and Plaisio, creating a more dynamic and synergistic retail destination.

Strategic entry into athleisure via Foot Locker partnership.

Tapping into the fast-growing lifestyle & fashion segment of the sportswear market and expanding geographically into 8 markets in SEE through the licensing agreement with Foot Locker.

We successfully introduced the Foot Locker brand in Bulgaria in December 2024,

opening three new stores in top-tier retail locations (The Mall Sofia, Grand Mall Varna, and Galleria Burgas), with strong consumer engagement..

In 2024, INTERSPORT expanded its footprint with 8 new store openings

across our region, reinforcing its presence in our markets.

In 2024, we opened 4 new Holland & Barrett stores in Athens,

as part of our 3-tier format strategy, bringing the total to 10 stores across Greece, complemented by a fully operational e-commerce channel.

Collaboration with InterIKEA for the establishment of InterIkea’s 46th International DC.

We completed the deconsolidation of Trade Estates,

further simplifying our structure and allowing us to focus on driving value from our core retail businesses.

Our People

Activities

Fourlis group today

Our core activities span retail, both physical and digital, and logistics to drive growth and efficiency. From home furnishings to sportswear and wellness, our brands reach millions across Southeastern Europe.

Our Business activities

Geographical presence

A leading retail group of companies in Southeast Europe.

22

IKEA Stores

122

INTERSPORT Stores

10

Foot Locker stores

11

Holland & Barrett stores

Greece. Cyprus. Romania. Bulgaria. Greece. Cyprus. Romania. Bulgaria.

Greece. Cyprus. Romania. Bulgaria. Greece. Cyprus. Romania. Bulgaria.

We strengthen our
market presence.

Sales breakdown per business activity (2024)

Home Furnishings

65.4%

Sportswear

34.2%

Health & Wellness

0.4%

Group Sales (€ mil.) *

* Sales exclude Trade Estates contribution. 2022 & 2023 sales also exclude Intersport Turkey and The Athlete’s Foot that were sold within 2023.

We drive significant profitability improvement.

Group EBIT*

* Excluding Trade Estates contribution. 2022 & 2023 also excludes Intersport Turkey and The Athlete’s Foot businesses that were sold within 2023.

We are committed to reducing further the group’s retail Net Debt position and maintain a healthy balance sheet.

Net debt (retail)

* Excluding Trade Estates contribution. 2022 & 2023 also excludes Intersport Turkey and The Athlete’s Foot businesses that were sold within 2023.

Financial Briefing  

Financial Insights and Reports 

Discover Fourlis group financial performance and strategic milestones. Access comprehensive reports, key figures, and presentations that reflect our commitment to sustainable growth. 