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 Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Other Household Equipment In Specialised Stores 47.5 - Retail sale of other household equipment in specialised stores
350 jobs Number of planned job creations
Announcement Date
5 July 2011
Employment effect (start)
1 September 2011
Foreseen end date
30 September 2011
Description
The first Bulgarian IKEA outlet is to open in Sofia on 20 September 2011 and 350 jobs are expected to be created (including 130 part-time jobs). As of 7 September 2011 already 330 jobs have been created. The new outlet covers 30,000 sqm and is expected to receive 1.5 million visitors in the first year.
Swedish furniture retailer IKEA, operate in Bulgaria through Greek-based Fourlis Group, which is IKEA's Bulgarian franchisee. Fourlis plans to open a second store in Varna. A third outlet may be opened in the next five years.
Sources
9 August 2011: Trud
1 September 2011: Dnes
5 July 2011: novinite
Citation
Eurofound (2011), IKEA, Business expansion in Bulgaria, factsheet number 72334, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72334.
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