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 Valencian supermarket chain Hiperber, based in Elche, plans to open eight new centres in 2024, creating 140 jobs.
The business expansion includes an investment of eight million euros in 2024 to open the new centres. This effort is part of Hiperber's expansion strategy, which involves consolidating the province of Valencia and entering the province of Albacete. Two of the new establishments will be located in the province of Alicante (in Castalla and Banyeres de Mariola, specifically); another will be located in Albacete, in the town of Caudete; finally, the remaining five centres will be set up in the province of Valencia, in the municipalities of Buñol, Alginet, Paiporta, Cheste and Valencia city.
With these new openings, which will take place throughout the year, Hiperber will reach the figure of 87 supermarkets in operation by the end of next year. All these openings will involve the incorporation of around 140 people, who will provide service to the new centres. In this way, the chain's workforce figure will be close to 1,300 employees by the end of the year.
Eurofound (2023), Hiperber, Business expansion in Spain, factsheet number 200627, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200627.