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.
The Iberian division of the group Restaurant Brand International (RBI) announces that between 2021 and 2022 it will invest more than €60 million in Portugal, opening more than 60 Burger King's and Popeye's restaurants. This investment will create approximately 2,000 jobs: 1,000 until the end of 2021 and 1,000 in 2022.
RBI will enter Portugal for the first time with Popeyes brand, after the success registered in Spain – despite COVID-19 pandemic imposing strong limitations to the sector. For the new restaurant chain, the company will invest in an automatic ordering system and home delivery (through its own mobile app). Moreover, the venues will be designed to favour energy efficiency, in the name of sustainability.
The places where the restaurants will be established are not yet known.
Eurofound (2021), RBI Iberia, Business expansion in Portugal, factsheet number 105245, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/105245.