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.
Wholesale / Retail Retail trade Retail sale of other goods, except motor vehicles and motorcycles 47.71 - Retail sale of clothing
180 jobs Number of planned job creations
Announcement Date
24 April 2024
Employment effect (start)
1 April 2024
Foreseen end date
Description
Ireland-based fashion retailer Primark will open its first Hungarian store in Budapest on 28 May. As a result, some 180 jobs are to be created.
Besides men's, women's and children's clothing, the store will sell holiday clothes, beauty products, accessories and furnishings.
Hungary is the 17th country globally, and the sixth country in Central Eastern Europe where Primark has established a presence so far. In Hungary, the firm will primarily compete with other low-cost retailers like Pepco, TEDi and KiK
Eurofound (2024), Primark Üzletek, Business expansion in Hungary, factsheet number 201140, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201140.
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