Type
Business expansion
Country
Germany
Region
Bayern; Oberbayern; M√ľnchen
Location of affected unit(s)
Munich
Sector
Retail
Wholesale Trade, Except Of Motor Vehicles And Motorcycles
Wholesale Of Household Goods
46.4 - Wholesale of household goods

250 jobs
Number of planned job creations
Job creation
Announcement Date
23 March 2016
Employment effect (start)
23 March 2016
Foreseen end date
23 March 2016

Description

TK Maxx, subsidiary of the American department store chain TJX Companies, creates 250 new jobs by opening a new store in Munich. With a surface of 5,000 square metres the new store is the company's biggest store throughout Europe.

TK Maxx, offering apparel and shoes, as well as other items such as toys, bath and beauty, accessories, and home products, runs 93 stores in Germany and 400 stores in Europe.

TJX Companies, headquartered in Framingham (Massachusetts), currently employs 155,000 worldwide.


Sources

  • 23 March 2016: ganz-muenchen.de

Citation

Eurofound (2016), TK Maxx, Business expansion in Germany, factsheet number 86959, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86959.