Type
Business expansion
Country
European Union
Region
Location of affected unit(s)
Belgium and Luxembourg
Sector
Wholesale / Retail
Retail trade
Retail sale of other goods, except motor vehicles and motorcycles
47.71 - Retail sale of clothing

120 jobs
Number of planned job creations
Job creation
Announcement Date
6 May 2011
Employment effect (start)
6 May 2011
Foreseen end date
31 December 2013

Description

Veritas, a Belgium-based clothing and accessories retail chain, is to create 120 new jobs with the opening of 20 shops in Belgium and Luxembourg between 2011 and 2013. This comes on top of the previously announced expansion of its retail network (11 new shops in addition to the exisiting 100 shops). This business expansion is the result of an increase of its growth rate.


Sources

  • 6 May 2011: Financiële Economische Tijd

Citation

Eurofound (2011), Veritas, Business expansion in European Union, factsheet number 71928, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71928.