Family-owned German clothing chain Peek & Cloppenburg (P&C) said today (Weds) it would continue expanding in Austria.The firm recently opened a 5,000 square metre store at the Tyrol shopping centre in Innsbruck and today opened a 6,700 square metre store at Shopping City Süd (SCS) in Vienna-Vösendorf. P&C is planning to open one at Viennas […]
Tag: chain
Last Cosmos stores to close
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Bankrupt electronic chain Cosmos will end its sale and close its remaining 17 stores tomorrow (Sat), the company announced yesterday (Thurs).The chain has already closed 10 stores and laid off 324 employees.The closures mean 1,160 employees will lose their jobs. Vienna employees will be able to find places in a regional foundation (RI) at which […]
Cosmos is bankrupt
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Austrian consumer electronics chain Cosmos is bankrupt after failing to obtain a forced settlement with creditors, according to the Alpine Land Credit Protection Association (AKV).It said prospective investors had decided to take a significantly reduced part of the Cosmos chain, 10 of its 27 stores would be closed and 400 workers would lose their jobs.Bankruptcy […]