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.
Asda have unveiled plans to build a 45,000 sq ft supermarket and create 400 jobs in Inverness. It has identified a site at Slackbuie on the city's Southern Distributor Road for a store and petrol station. There are is no indication on dates yet since a finalised proposal is being put together before the plans are presented to Highland Council for consideration. Asda have signed a conditional contract with Elphinstone Land Ltd, a joint venture with the Bank of Scotland, to buy the site. The supermarket chain has been pushing for several years to open a shop in the Highland capital. Rivals Tesco have three stores in Inverness. Highland councillor Norrie Donald, who represents Culduthel, said he could not talk specifically about Asda's plans, but said there was support within the local community for a new supermarket.
Eurofound (2006), Asda, Business expansion in United Kingdom, factsheet number 63508, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63508.