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.
Hotel / Restaurants Accommodation And Food Service Activities Food And Beverage Service Activities 56.1 - Restaurants and mobile food service activities
100 jobs Number of planned job creations
Announcement Date
25 August 2009
Employment effect (start)
1 October 2009
Foreseen end date
31 October 2009
Description
Latvian restaurant chain Lido has announced entering the Estonian market in October and creating more than 100 new jobs in the city centre of the capital Tallinn.
The Latvian restaurant chain announced that a 300-seat buffet-restaurant will be created in the new Solaris centre, which is located at the city centre of Tallinn, the Estonian capital. The restaurant will offer more than 180 different foods. According to media announcements, the Latvian company will invest EEK 30 million (about €1.9 million) into the opening of the new restaurant.
Lido is the leader of the Latvian restaurant market. The chain has a total of nine restaurants, all located in Riga, Latvia.
Sources
25 August 2009: BBN web site
Citation
Eurofound (2009), Lido, Business expansion in Estonia, factsheet number 69426, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69426.
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