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 In Non-Specialised Stores 47.11 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
1,500 jobs Number of planned job creations
Announcement Date
28 December 2016
Employment effect (start)
Foreseen end date
31 December 2017
Description
The Co-operative Group has announced plans to invest GBP 70 million (€80 million) over 2017 to open 100 new stores, which will create 1,500 new jobs. The group is expanding its food stores across London, Yorkshire and Scotland. The first wave of stores will open in the first quarter of 2017; five stores will be opened in London by the end of March 2017. A spokesperson for the group said that they were committed to expanding its number of smaller convenience stores and would be looking for a similar scale of expansion in the future.
Sources
28 December 2016: BBC Website
28 December 2016: Sky news
Citation
Eurofound (2016), Co-operative Group, Business expansion in United Kingdom, factsheet number 89704, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/89704.
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