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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Other Goods In Specialised Stores 47.71 - Retail sale of clothing in specialised stores
1,000 jobs Number of planned job creations
Announcement Date
29 November 2022
Employment effect (start)
3 January 2022
Foreseen end date
31 December 2024
Description
The British fashion retailer Primark, which specialises in low-cost fashion, is to redouble its commitment to the Spanish market with an investment of €100 million, the creation of 1,000 jobs and the opening of at least eight shops over the next two years. The company will invest €80 million in the opening of eight new shops in the national market and the expansion of one in Barcelona; the remaining €20 million will be used to improve and renovate the 56 shops it already has in Spain, where it opened in 2006 and which is already its second most important market. The next openings will be in Lanzarote, Melilla, Toledo, Jaen and Lorca (Murcia), in addition to three new establishments in the Community of Madrid, where it already has eight shops.
Employment creation by Primark has previouly been created in the ERM Event database, see Primark-2022-ES and Primark-2021-ES.
Eurofound (2022), Primark , Business expansion in Spain, factsheet number 107938, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/107938.
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