Type
Business expansion
Country
Czechia
Region
Location of affected unit(s)
NA
Sector
Retail
Wholesale Trade, Except Of Motor Vehicles And Motorcycles
Wholesale Of Household Goods
46.45 - Wholesale of perfume and cosmetics

125 jobs
Number of planned job creations
Job creation
Announcement Date
27 April 2017
Employment effect (start)
Foreseen end date
31 December 2017

Description

Czech cosmetics and perfumes online retailer Notino (formerly Parfums.cz) is to create between 100 and 150 new jobs in 2017 when expanding its business activity across Europe (especially in Germany) and opening new stone shops in the Czech Republic. The company expects its revenues to reach CZK 7.40bn (EUR 274.69mn) and intends to invest some CZK 200mn (EUR 7.471mn). Notino plans large investment into modernisation of its IT system, having opened a new R&D centre in Ostrava and new offices in Prague. Within five years, the company would like to have fifty stores in the countries where it operates.


Sources

  • 27 April 2017: Hospod├írske noviny

Citation

Eurofound (2017), Notino, Business expansion in Czechia, factsheet number 90827, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90827.