Bestseller Retailer Group has launched a search for 30 new stores across Ireland, a venture which will create over 200 jobs in the next 12-18 months and shows confidence in the Irish market. International real estate advisor Savills has been appointed by the Danish group, which currently occupies 67 stores in Ireland, to acquire the new premises.
Bestseller trade five well-established brands in Ireland, including ladieswear brands Vero Moda, Vila and Only, menswear Jack & Jones and childrenswear brand name it. The retail group also plans to expand its accessories brand Pieces and Mama-Licious, which sells maternity clothing.
Requirements for the nationwide expansion range from approximately 50 sq m (538 sq ft) accessories stores, 150 sq m (1,614 sq ft) to 250 sq m (2,690 sq ft) stores in smaller market towns and shopping centres, to full 1,000 sq m (10,763 sq ft) flagship stores in retail centres.
Larry Brennan, Director at Savills Ireland says: “Bestseller’s decision marks a significant endorsement of Ireland’s retail market and is opportunistic in its timing as there are particularly attractive deals to be had for market entrants or those businesses seeking to expand. It is estimated that approximately 210 new jobs will be created as a result of the expansion which is fantastic news for the Irish economy”.
Bestseller trade under a retail partner model, with local retail partners acquiring and trading the stores under the various Bestseller brands.
Mary Fitzpatrick, Brand Manager with Bestseller Ireland comments: “Despite the difficult trading environment facing Ireland at the moment, Bestseller brands have continued to trade well, with the retail partner model being particularly successful in using its blend of strong local knowledge combined with the experience and strength of an international brand. We are enthused to be in a position to create employment in Ireland and we will begin the recruitment process as soon as all acquisitions have been finalised, which we hope will be at the end of 2011”.
For further information, please contact:
Larry Brennan, Director at Savills Ireland, +353 (0) 16181302
Victoria Cambridge, Savills press office, +44 (0) 2074098940
Fiona Heffernan, Savills Ireland, +353 (0) 16181320