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 announced an expansion plan consisting in the opening of around 400 new stores and the recruitment of around 1,200-1,300 new workers over the next three years.
These stores will be mainly located in small towns, and be developed also through new acquisitions and alliances, involving also entrepreneurs of the sector which otherwise would leave the business.
The announced plan is the Italian chapter of a broader expansion plan which foresees the opening of 600 stores and new hirings for about 2,000 people.
Eurofound (2021), OVS, Business expansion in Italy, factsheet number 105339, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/105339.