IKEA

Type
Business expansion
Country
Portugal
Region
Continente; Norte; Área Metropolitana do Porto
Location of affected unit(s)
Matosinhos
Sector
Wholesale / Retail
47 - Retail trade
47.5 - Retail sale of other household equipment
47.55 - Retail sale of furniture, lighting equipment, tableware and other household goods
110 jobs
Number of planned job creations
Job creation
Announcement Date
9 April 2008
Employment effect (start)
1 October 2008
Foreseen end date

Description

Inter IKEA Center Group announced that a new shopping mall will open in the second half of 2008. The project represents an investment of about 165 millions of euros and will create around 110 direct and 2,800 indirect jobs.

This shopping mall will have 2 floors with 200 shops, 30 restaurants and 5100 parking places.

The IKEA plan of expansion in Portugal involves an investment of 660 millions of euros until 2015, the construction of seven shops including the Matosinhos and Alfragide units, two shopping mall and three factories of sweedwood in Paços de Ferreira.

Sources

  • 9 April 2008: Público

Citation

Eurofound (2008), IKEA, Business expansion in Portugal, factsheet number 66543, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66543.