EMCC European Monitoring Centre on Change

OVS

Company/Organisation:
OVS

Geographic Location

Country: Italy

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: 06-06-2021
Type of Restructuring: Business expansion
Foreseen End Date: 06-06-2024
Planned Job Creation: 400

Additional Information

Italian fashion retailer OVS announced an expansion plan consisting in the opening of around 400 new stores and the recruitment of around 1,200-1,300 new workers over the next three years. 

These stores will be mainly located in small towns, and be developed also through new acquisitions and alliances, involving also entrepreneurs of the sector which otherwise would leave the business.

The announced plan is the Italian chapter of a broader expansion plan which foresees the opening of 600 stores and new hirings for about 2,000 people.

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