Hipolend - Bulgaria

Type
Business expansion
Country
Bulgaria
Region
Yugozapadna i Yuzhna tsentralna Bulgaria; Yugozapaden; Sofia (stolitsa)
Location of affected unit(s)
Sofia
Sector
Wholesale / Retail
46 - Wholesale trade
46.1 - Wholesale on a fee or contract basis
46.16 - Activities of agents involved in the wholesale of textiles, clothing, fur, footwear and leather goods
250 jobs
Number of planned job creations
Job creation
Announcement Date
17 September 2006
Employment effect (start)
19 September 2006
Foreseen end date
30 November 2006

Description

Hipolend,the biggest Bulgarian company selling children accessories and toys, has opened its fifth shop in the country and the first one in Sofia, the Bulgarian's capital city. The company intends to open the second shop in Sofia in November. Both shops will create about 250 jobs. The total investment is BGN 8 million. In 2007 the chain Hipolend will grow by five shops, located at the different places in the country. The company sells more than 9,000 Bulgarian and imported shoes, toys, clothes, beds, baby–cars and books for children. At the same time it offers products having its own trade marks Hippo Shoes and Hippo Toys. Hipolend management plans to open the first shop abroad in 2008.

Sources

Citation

Eurofound (2006), Hipolend - Bulgaria, Business expansion in Bulgaria, factsheet number 64145, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64145.