Retail property consultants Savills has been appointed by Danish group Bestseller to acquire up to 30 stores in Ireland which will create 210 jobs.
Bestseller’s retail portfolio includes 67 stores throughout the country. The brands include ladieswear labels Vero Moda, Vila and Only and the menswear brand Jack & Jones.
The Danish group plan to expand the brands to include Pieces, an accessories retailer, and Mama-Licious which cater for maternity clothing.
Director of Savills Ireland Larry Brennan said: “Bestseller’s decision marks a significant endorsement of Ireland’s retail market.
“It is estimated that approximately 210 new jobs will be created throughout Ireland in most major towns and cities a result of the expansion, which is fantastic news for the Irish economy.”
Brand manager with Bestseller Ireland Mary Fitzpatrick said: “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.”
Counties such as Dublin, Cork, Limerick, Galway, Clare, Waterford, Louth and Belfast have all been mentioned as possible destinations for the expansion project.