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.
Irish-owned convenience store group ADM Londis has agreed a deal to place 20 of its outlets at Texaco service stations. In a statement, Londis said the agreement would see turnover rise by an estimated €50 million and would lead to the creation of 300 new jobs. ADM Londis will invest €25 million in these new store developments.
It is understood that ten of the new stores will be opened at existing garages in the provinces of Munster and Connaught later in 2008, with the first two scheduled to open by this July, 2008. The remaining stores will open in 2009. ADM Londis has 370 outlets in Ireland (80 of which are on garage forecourts), and employs a total of 7,000 employees.
Eurofound (2008), ADM Londis, Business expansion in Ireland, factsheet number 66484, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66484.