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.
Carrefour, the biggest retail chain in Europe will invest 81.6 million Euro in Bulgaria till 2008 to build its first shopping centre in the country. The executive director of Carrefour for Bulgaria Mr Gerom Lober announced this at a meeting with the Minister of economy, when Carrrefour got a certificate for being a "first class investor". The future hypermarket will offer a sales area of 20,00 sq.m. and some 70,000 sq.m. will be built for the merchant centre, which will follow the concept of shopping malls. Between 60% and 70% of the traded goods will be food products. More than 95% of those will be produced in Bulgaria, said Lober. The remaining 30% will be for other products, both produced in Bulgaria and imported. The management of Carrefour in Bulgaria intends to develop a net of stores in Sofia and to build more in some of the biggest towns in the country, said Gerom Lober. The project of Carrefour in Bulgaria will be the biggest project of this kind on the Balkans.
Eurofound (2006), Carrefour, Business expansion in Bulgaria, factsheet number 63813, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63813.