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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Trade, Except Of Motor Vehicles And Motorcycles 47 - Retail trade, except of motor vehicles and motorcycles
600 jobs Number of planned job creations
Announcement Date
17 November 2005
Employment effect (start)
31 March 2007
Foreseen end date
Description
A new supermarket Gedimino 9 will open in Vilnius in March 2007. One of the biggest Lithuanian construction companies Constructus and Irish investing company Duke House Asset Managers (DHAM) agreed to cooperate and invest in the new supermarket Gedimino 9 in Vilnius. The reconstruction works of a five-floor old building in the heart of Vilnius city centre has already started. It is planned that approximately 600 work places will be created after the reconstruction of the building and approximately 65-70 small shops as well as restaurants and cafes will be opened.
Sources
17 November 2005: Verslo zinios
Citation
Eurofound (2005), Supermarket Gedimino 9, Business expansion in Lithuania, factsheet number 62538, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62538.
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