Latest news and stories about retail closures in Portugal for expats and residents.
Banks and suppliers will have to write off around €18 million (equivalent to an 80% debt forgiveness) to help save Gato Preto, which is preparing to close ten of its 15 stores in Portugal (which will result in dozens of workers losing their jobs) and to cease all activity in ...
Jerónimo Martins has assured the 60 Hussel employees of job security within other brands of the group in Portugal. The group cites the insolvency of its German partner and a sharp rise in costs — from rents to the price of cocoa — as reasons for the decision.
Jerónimo Martins will close the 18 Hussel shops in Portugal, a chain specialising in the sale of chocolates, by 30 April 2026, “after sustained efforts to make the company viable”, the group said today.
