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 Other Goods In Specialised Stores 47.71 - Retail sale of clothing in specialised stores
400 jobs Number of planned job creations
Announcement Date
18 October 2016
Employment effect (start)
1 January 2017
Foreseen end date
Description
The retail chain Pepco, which currently operates in several central European countries, is initiating operations in Croatia. The first store is expected to open in April 2017 in Zagreb. During the first three years of operations, the company plans to open about 50 stores in total, mainly in cities with over 10,000 residents, and plans to create 400 jobs. According to the company, the Croatian market opens up great opportunities for the brand and the company hopes that it will pave the way for beginning operations in other countries in the region.
Pepco is a European retail chain that offers clothes for the whole family and household products at competitive rates. Pepco is present in hundreds of stores across Czech Republic, Hungary, Poland, Slovakia and Romania. The brand began its operations in Poland in 2004. In October 2016 Pepco celebrates the opening of its 1000th store in Europe.
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Sources
18 October 2016: www.poslovni.hr
18 October 2016: www.jutarnji.hr
Citation
Eurofound (2016), Pepco, Business expansion in Croatia, factsheet number 88892, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88892.
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