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 Non-specialised retail sale 47.1 - Non-specialised retail sale
100 jobs Number of planned job creations
Announcement Date
21 September 2005
Employment effect (start)
Foreseen end date
31 October 2005
Description
Beginning with October 2005, a new supermarket set to open in Timisoara (Vest region, Timis county) will further extend the Univers'all store network. The new retail unit attracted a €2.5 million investment.
The supermarket will cover a 2,900 square metres area, and will have 17 checkouts and 100 employees.
The Univers'all chain of stores is part of the Romanian GFS group, which reported a turnover of around €74 million in 2004. Currently, the group network includes five supermarkets in various cities across the country and a food hypermarket in Bucharest (Bucharest region) operating under the Univers'all brand. Also the group owns four proximity stores in Constanta (South-Eastern region, Constanţa county), sub under the Uni'all brand.
‘Our short-term plans included the opening of the supermarket in Timişoara. In the long-term we are set on opening another store in Bucharest and several others countrywide' company officials declared.
Sources
21 September 2005: Ziarul Financiar
Citation
Eurofound (2005), Univers'all, Business expansion in Romania, factsheet number 62309, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62309.
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