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.
Constanta (Constanta County), Oradea (Bihor County)
Sector
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Via Stalls And Markets Or Other 47.82 - Retail sale via stalls and markets of textiles, clothing and footwear
100 jobs Number of planned job creations
Announcement Date
16 June 2015
Employment effect (start)
16 June 2015
Foreseen end date
31 December 2015
Description
LC Waikiki Retail RO, subsidiary of the Turkish fashion retailer LC Waikiki, is increasing the number of its employees by 100 by the end of 2015. LC Waikiki plans to increase the number of employees in Romania to 400 and the number of stores to 18, from 14 currently. The Turkish company aims to become one of the top three most successful fashion brands retailers in Europe. LC Waikiki made its first investment abroad in Romania, in 2009. Currently, LC Waikiki has 530 stores in 25 countries.
Sources
16 June 2015: Wall Street
16 June 2015: Adevarul
16 June 2015: Economistul
18 June 2015: Jurnalul de Afaceri
Citation
Eurofound (2015), LC Waikiki Retail RO, Business expansion in Romania, factsheet number 83782, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/83782.
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