Alphamega

AlphaMega (also styled AlfaMega) is the largest and one of the fastest-growing supermarket/hypermarket chains in Cyprus, owned and operated by the Ch. A. Papaellinas Group, a major player in Cypriot distribution. The banner traces its roots to the Charalambides Hypermarket opened in Engomi in 1996, acquired by businessman Andreas Papaellinas in 1997 and rebranded AlphaMega in 2002.

As of early 2025, AlphaMega operates a network of around 21 stores across Cyprus, primarily large-format hypermarkets/supermarkets in cities including Nicosia, Limassol, Larnaca and Paphos, complemented by smaller convenience-format units located in the Limassol and Ayia Napa marinas. The company supports its retail network with two distribution centers, in Larnaca and Limassol, and operates an integrated e-commerce platform with a Click & Collect service, reflecting an ongoing digital transformation strategy.

As a retailer, AlphaMega buys and merchandises a broad assortment of FMCG categories for its shelves, spanning food and grocery, beverages, household products and beauty/personal care items, combining well-known international brands with local Cypriot suppliers. The chain has also pursued international sourcing partnerships, such as a 2022 agreement to distribute over 1,000 products from France's Casino Group, broadening its private and imported assortment.

AlphaMega employs approximately 2,200 to 2,500 people in Cyprus and has been recognized with workplace certifications such as Investors in People and Great Place to Work. Estimates place its annual turnover in the range of roughly €200-350 million in recent years, positioning it as one of the top two supermarket operators in Cyprus by revenue and store footprint, alongside Lidl Cyprus. The company is also known locally for community and sports sponsorship, including naming rights to the Alphamega Stadium in Limassol.