Sale of ERA Department Stores to Gencom Ltd
May 9, 2025
The ERA department stores' story, which began with the first Woolworth in 1971, comes to an end with the sale to Gencom Ltd. The new owner will retain the ERA name for the stores, at least for now. The CTC group sold four ERA stores for a nominal price of 1 euro, along with pending orders and staff. This loss marks the end of an era in the Cypriot retail market.