Type
Business expansion
Country
Germany
Region
Location of affected unit(s)
Sector
Retail
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Sale Of Other Household Equipment In Specialised Stores
47.5 - Retail sale of other household equipment in specialised stores

1,100 jobs
Number of planned job creations
Job creation
Announcement Date
14 March 2005
Employment effect (start)
1 January 2005
Foreseen end date
31 December 2005

Description

Austrian furniture retailer Lutz-Gruppe is expanding its activities in Germany. After succesful market entry in Southern Germany it will open 4 Möbel Neubert stores in Berlin. 1,100 jobs will be created in the process.


Sources

  • 9 July 2005: Frankfurter Allgemeine Zeitung
  • 15 March 2005: Die Welt

Citation

Eurofound (2005), Möbel Neubert, Business expansion in Germany, factsheet number 61996, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61996.