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 clothing retailer Primark - a subsidiary of Associated British Foods (ABF) - is to create 500 new jobs with the opening of three new Spanish stores in Leganes, Cordoba and Alicante. This move will bring its retail network in Spain up to 25 units. Spain is seen as one of the priority markets for the firm's European growth strategy.
The first store to be opened is that in Alicante with 187 new jobs; the opening of the other two Primark stores in Castellon and Elche will follow. Primark operates 232 stores across Europe, employing 42,000 people.
Primark currently has 235 stores across Europe.
UPDATE, 15/03/2012 - The store in Alcante was opened on 15 March.
Eurofound (2012), Primark, Business expansion in Spain, factsheet number 73338, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73338.