EMCC European Monitoring Centre on Change

Primark

Company/Organisation:
Primark

Geographic Location

Country: Spain

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
47.71 - Retail sale of clothing in specialised stores
Number Employed: 9000
Group: Associated British Foods

Employment Effects

Announcement Date: 29-11-2022
Type of Restructuring: Business expansion
Employment Effect Start: 03-01-2022
Foreseen End Date: 31-12-2024
Planned Job Creation: 1000

Additional Information

The British fashion retailer Primark, which specialises in low-cost fashion, is to redouble its commitment to the Spanish market with an investment of €100 million, the creation of 1,000 jobs and the opening of at least eight shops over the next two years. The company will invest €80 million in the opening of eight new shops in the national market and the expansion of one in Barcelona; the remaining €20 million will be used to improve and renovate the 56 shops it already has in Spain, where it opened in 2006 and which is already its second most important market. The next openings will be in Lanzarote, Melilla, Toledo, Jaen and Lorca (Murcia), in addition to three new establishments in the Community of Madrid, where it already has eight shops.

Employment creation by Primark has previouly been created in the ERM Event database, see Primark-2022-ES and Primark-2021-ES.

Sources: