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 Wholesale Trade, Except Of Motor Vehicles And Motorcycles Wholesale On A Fee Or Contract Basis 46.16 - Agents involved in the sale of textiles, clothing, fur, footwear and leather goods
250 jobs Number of planned job creations
Announcement Date
17 September 2006
Employment effect (start)
19 September 2006
Foreseen end date
30 November 2006
Description
Hipolend,the biggest Bulgarian company selling children accessories and toys, has opened its fifth shop in the country and the first one in Sofia, the Bulgarian's capital city. The company intends to open the second shop in Sofia in November. Both shops will create about 250 jobs. The total investment is BGN 8 million. In 2007 the chain Hipolend will grow by five shops, located at the different places in the country. The company sells more than 9,000 Bulgarian and imported shoes, toys, clothes, beds, baby–cars and books for children. At the same time it offers products having its own trade marks Hippo Shoes and Hippo Toys. Hipolend management plans to open the first shop abroad in 2008.
Eurofound (2006), Hipolend - Bulgaria, Business expansion in Bulgaria, factsheet number 64145, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64145.
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