End of an Era for Iconic Athens Department Store

One of cardinal Athens’ astir historical section stores, Notos Galleries adjacent Omonia Square, will permanently adjacent connected August 31, the operating institution announced Tuesday, marking the extremity of an epoch for 1 of the Greek capital’s astir recognizable retail landmarks.

Notos operated for the past 25 years from the landmark gathering that erstwhile housed the iconic Greek-owned Lambropoulos section store, founded successful 1901. The store was rebranded arsenic Notos Galleries successful 1999.

According to the company, the closure follows the determination by the spot owners not to renew the lease agreement.

Located astatine connected the country of Aiolou, Lykourgou, and Stadiou streets, the historical spot has agelong been a fixture of downtown Athens and served arsenic the flagship determination of the Notos section store concatenation for much than two decades.

The archetypal Lambropoulos store began by selling men’s manner items and introduced products considered innovative astatine the time, including ties, handkerchiefs and shirts. In 1927, the concern “Afoi Lambropoulou” became a nationalist constricted institution and, 4 decades later, was listed connected the Athens Stock Exchange.

In its statement, absorption thanked employees, suppliers, partners and customers for their “timeless trust and support” passim the store’s agelong history.

The building’s owners, existent property developer DIMAND and Piraeus Bank, person announced plans for a caller mixed-use improvement connected the site.

The redevelopment task is expected to see commercialized spaces, offices and residential units. DIMAND antecedently led the transformation of different historical Athens section store, Minion, into a modern mixed-use complex.