Star supermarkets on sale because of debts

The owner of Star supermarket chain Gevorg Afandyan, has put the Star supermarkets up for sale because of the debt problems, Zhoghovurd reports, citing reliable sources.

The head of company’s marketing and advertising department Arsen Manasyan, when asked how much the company owes in debt, said, “There is nothing of the kind. We work with suppliers by a special program. It is an absurdity, market-level rumors.”

The paper’s sources, however, claim that the company’s debt is big.