PR just came in to several Greek sites. Here's a translated version:
Source 1
Source 2
For those that don't know, Nortec Multimedia was the distributor of Nintendo products in Greece and Cyprus since 1997, and Bulgaria, Albania and the Republic of Macedonia since 2002. They succeeded Itochu, and have handled some of the most significant eras of Nintendo's history in those regions, like the Pokémon craze of the early 00's, the DS / Wii era, and the transition to today's Nintendo. They had recently been named Nintendo Hellas.
Nortec has had its ups and downs, but I think they did a wonderful job both as a distributor and as an ambassador of Nintendo's culture. Small as it is, the Greek Nintendo community has been especially active in the last few years (especially during the DS/Wii era) and that is in no small part thanks to how prolific Nortec was. Their customer loyalty programme, Nortec Club was superb, and they held numerous events for games such as Pokémon, Smash Bros. and Splatoon. Their pricing policies were also relatively fair, and they had developed a really good relationship with the fan communities.
Truly the end of an era.
I'm really concerned about Nintendo's representation in those regions moving forward. The current situation in Greece (high taxes, capital controls, decline in consumer spending) doesn't inspire a lot of confidence, and there's little doubt Nortec's downfall has a lot to do with that, even if the company had been healthy.
Nortec Multimedia SA said:Dear Partners and Friends,
As you all know, Nortec Multimedia withstood the unrelenting economic crisis that has affected our country during the last 6 years. Even today, our company remains healthy and without debt.
However, a series of important trade issues we have with Nintendo leave us no choice but to put an end to our long-lasting collaboration. As a result, we deeply regret to inform you that our collaboration with Nintendo will end in 31/12/2015.
We would like to express our gratitude to all of our partners for their heartily and continuous support through all these years, and of course to the customers and fans of our products. Furthermore, we wish Nintendo all the best in their future plans and activities in Greece, Cyprus and the Balkans.
Source 1
Source 2
For those that don't know, Nortec Multimedia was the distributor of Nintendo products in Greece and Cyprus since 1997, and Bulgaria, Albania and the Republic of Macedonia since 2002. They succeeded Itochu, and have handled some of the most significant eras of Nintendo's history in those regions, like the Pokémon craze of the early 00's, the DS / Wii era, and the transition to today's Nintendo. They had recently been named Nintendo Hellas.
Nortec has had its ups and downs, but I think they did a wonderful job both as a distributor and as an ambassador of Nintendo's culture. Small as it is, the Greek Nintendo community has been especially active in the last few years (especially during the DS/Wii era) and that is in no small part thanks to how prolific Nortec was. Their customer loyalty programme, Nortec Club was superb, and they held numerous events for games such as Pokémon, Smash Bros. and Splatoon. Their pricing policies were also relatively fair, and they had developed a really good relationship with the fan communities.
Truly the end of an era.
I'm really concerned about Nintendo's representation in those regions moving forward. The current situation in Greece (high taxes, capital controls, decline in consumer spending) doesn't inspire a lot of confidence, and there's little doubt Nortec's downfall has a lot to do with that, even if the company had been healthy.