EMCC European Monitoring Centre on Change

Notino

Company/Organisation:
Notino

Geographic Location

Country: Czechia

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
46.45 - Wholesale of perfume and cosmetics

Employment Effects

Announcement Date: 27-04-2017
Type of Restructuring: Business expansion
Foreseen End Date: 31-12-2017
Planned Job Creation: 125

Additional Information

Czech cosmetics and perfumes online retailer Notino (formerly Parfums.cz) is to create between 100 and 150 new jobs in 2017 when expanding its business activity across Europe (especially in Germany) and opening new stone shops in the Czech Republic. The company expects its revenues to reach CZK 7.40bn (EUR 274.69mn) and intends to invest some CZK 200mn (EUR 7.471mn). Notino plans large investment into modernisation of its IT system, having opened a new R&D centre in Ostrava and new offices in Prague. Within five years, the company would like to have fifty stores in the countries where it operates.