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.
Beginning with October 2005, a new supermarket set to open in Timisoara (Vest region, Timis county) will further extend the Univers'all store network. The new retail unit attracted a €2.5 million investment.
The supermarket will cover a 2,900 square metres area, and will have 17 checkouts and 100 employees.
The Univers'all chain of stores is part of the Romanian GFS group, which reported a turnover of around €74 million in 2004. Currently, the group network includes five supermarkets in various cities across the country and a food hypermarket in Bucharest (Bucharest region) operating under the Univers'all brand. Also the group owns four proximity stores in Constanta (South-Eastern region, Constanţa county), sub under the Uni'all brand.
‘Our short-term plans included the opening of the supermarket in Timişoara. In the long-term we are set on opening another store in Bucharest and several others countrywide' company officials declared.
Eurofound (2005), Univers'all, Business expansion in Romania, factsheet number 62309, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62309.