# Dedeman rebranding and restructuring in Greece > Developing situation record from CLSTR: https://clstr.news/situations/dedeman-rebranding-and-restructuring-in-greece > Updated: 2026-10-31T22:00:45.000Z. Sources: 2. Developments: 2. Following the acquisition of Praktiker Hellas by the Romanian investment group Paval Holding in the summer of 2025, the retail chain has begun a rebranding process to become Dedeman Hellas. This transition includes extensive renovations, starting with the flagship store in Tavros, with plans to extend to the remaining 16 stores in the network. To strengthen its market presence, the company is implementing a restructuring strategy focused on acquiring its own retail properties. Through agreements with Eurobank, Dedeman Hellas has been acquiring real estate for various locations, including Thessaloniki, Patras, and Heraklion. Financial data from 2025 indicates a period of transition marked by a 3.4 percent decrease in turnover to 179.84 million euros and an expansion of net losses to 2.1 million euros. To support growth and reorganize its operational structure, the company has significantly strengthened its capital position, with net equity rising to 57.9 million euros by the end of 2025. ## Timeline ### 2026-10-31: Dedeman Hellas implements restructuring strategy in Greece Formerly Praktiker Hellas, Dedeman Hellas is restructuring its Greek operations through property acquisitions and capital increases despite recent declines in turnover and profits. 2 sources. https://clstr.news/cluster/dedeman-hellas-implements-restructuring-strategy-in-greece ### 2026-10-15: Dedeman begins rebranding Praktiker stores in Greece Praktiker Hellas is rebranding to Dedeman following its acquisition by Romania’s Paval Holding. The transition includes store renovations across 17 Greek locations. 2 sources. https://clstr.news/cluster/dedeman-begins-rebranding-praktiker-stores-in-greece --- Cite as: Dedeman rebranding and restructuring in Greece. CLSTR, https://clstr.news/situations/dedeman-rebranding-and-restructuring-in-greece