Woolworths (Cyprus) Woolworths (Cyprus) F. W. Woolworth & Co (Cyprus) Ltd was, until the end of 2003, the leading chain of upmarket department stores on the island of Cyprus with branches in all the major cities. The Cyprus company had its roots in the American parent F. W. Woolworth Company in the 1950s, which used its British arm to spread Woolworths stores throughout the British Empire. Initially there was only one Woolworths in Cyprus, in the capital city Nicosia, but in 1985 the company was sold to the local businessman Nicolas Shacolas (now OBE) who rapidly opened new stores in the island's
Cyprus Institute of Marketing to www.findyourMBA.com In 1984, a daughter school was opened in Limassol, the second largest city in Cyprus. Diplomas and Degrees are also awarded through local centres around the world and through distance-learning by The Cyprus Institute of Marketing Ltd (Reg BVI). The Cyprus Institute of Marketing is Institutionally Approved by the University of West London(UK) and it offers two of the University of West London program in Cyprus, the BA(Hons) in Business Studies with Marketing and the BA(Hons) in Accounting & Finance providing the opportunity to its students to acquire a UK University degree in 3 years while in Cyprus.