Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Italian fashion retailer OVS has announced that it will create about 2,000 jobs worldwide within the next three years. Under the business expansion, the company is to open at least 600 stores, mainly in small towns; additionally, OVS is to continue acquisition activity. In Italy, OVS plans to create around 1,200-1,300 positions and launch 400 new stores across the country.
Founded in 1972, OVS (Organizzazione Vendite Speciali) is the largest Italian clothing company. Currently, it operates in 35 countries in Europe, Latin America and Asia with a total of over 1,200 locations.
Eurofound (2021), OVS, Business expansion in World, factsheet number 105204, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/105204.