EMCC European Monitoring Centre on Change

OVS

Company/Organisation:
OVS

Geographic Location

Country: World
Location of affected unit(s): Italy and other countries

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
47.71 - Retail sale of clothing in specialised stores

Employment Effects

Announcement Date: 07-06-2021
Type of Restructuring: Business expansion
Employment Effect Start: 07-06-2021
Foreseen End Date: 07-06-2024
Planned Job Creation: 700

Additional Information

Italian fashion retailer OVS has announced that it will create about 2,000 jobs worldwide within the next three years. Under the business expansion, the company is to open at least 600 stores, mainly in small towns; additionally, OVS is to continue acquisition activity. In Italy, OVS plans to create around 1,200-1,300 positions and launch 400 new stores across the country.

Founded in 1972, OVS (Organizzazione Vendite Speciali) is the largest Italian clothing company. Currently, it operates in 35 countries in Europe, Latin America and Asia with a total of over 1,200 locations.

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