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 Sale Of Food, Beverages And Tobacco In Specialised Stores 47.2 - Retail sale of food, beverages and tobacco in specialised stores
350 jobs Number of planned job creations
Announcement Date
11 March 2016
Employment effect (start)
11 March 2016
Foreseen end date
Description
Coffee chain Caffè Nero says it is to open 40 new stores and employ 350 people as part of its expansion plans in Ireland.
The company currently has six cafes in Ireland, the UK chain established its presence in Ireland in 2014.
The expansion is based on a €20m investment. Trading losses of €430,000 recorded recently are attributable to start-up costs, the company says.
Sources
11 March 2016: Irish Independent
11 March 2016: Irish Examiner
Citation
Eurofound (2016), Caffe Nero, Business expansion in Ireland, factsheet number 86682, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86682.
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