logo
Primark arrives in Viseu this month

Primark arrives in Viseu this month

Fashion Network10-06-2025
Following the expansion plan unveiled in June 2023, Primark opens its 13th store in Portugal on June 26 at Palácio do Gelo Shopping in Viseu, the third of the four openings announced a year ago.
With more than 2,750 square meters of retail space, spread over a single floor, the new store will bring together the Irish retailer's proposals for men, women, and children and will have 12 self-checkout tills, a novelty that Primark has been introducing in its new points of sale and renovated stores.
Nelson Ribeiro, Primark's sales director for Portugal and Spain, comments: "This new store represents another milestone in our expansion in Portugal, reinforcing our commitment to bringing our affordable products to more and more customers. Our teams are working hard to prepare all the details of the opening and we look forward to welcoming the people of this region."
For her part, Cristina Lopes, director of Palácio do Gelo Shopping, sees the opening of Primark as "a real asset" both for the shopping center and for the city of Viseu and the region. With this opening, Primark will create more than 80 new jobs.
The Viseu store will be the third of four openings planned in Primark's growth plan in the Portuguese market, which involves an investment of 40 million euros and has also led to the inauguration of new stores in Montijo and in Guimarães and which is due to arrive in Covilhã next year. In addition, the brand invested in the expansion of Primark Colombo, which reopened in June 2024 with more than 6,000 square meters.
Once the four planned openings are completed, Primark will have a total of 14 stores in Portugal, expanding its total commercial space by more than 30% and creating more than 500 new jobs across the country.
At the same time, the Irish retailer has invested in the national market with the renovation of several existing stores, namely those in Sintra and .
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Leira celebrates 25 years in footwear with new website launch
Leira celebrates 25 years in footwear with new website launch

Fashion Network

time2 days ago

  • Fashion Network

Leira celebrates 25 years in footwear with new website launch

Marking 25 years in the business, Portuguese footwear brand Leira has unveiled a new website—developed with Felgueiras Magazine Soluções Web—to showcase its craftsmanship, values, and growing global presence. Based in Felgueiras, a city renowned as one of Portugal's leading footwear manufacturing hubs, Leira has established a reputation over the past two decades for its commitment to craftsmanship, tradition, and sustainable practices. The new platform—available at to reflect the company's core values while showcasing its evolution and ambition to expand further in international markets. 'With an elegant design, intuitive navigation, and carefully crafted content, the website aims to strengthen the connection between the brand and its customers, partners, and wider community,' Felgueiras Magazine said in a statement. Leira's CEO, Isabel Teixeira, described the digital launch as a significant milestone. 'We wanted a website that truly reflects who we are—simple, genuine, and crafted with care,' said CEO Isabel Teixeira. 'It needed to mirror our approach: thoughtful, responsible, and rooted in a deep respect for craftsmanship.' She added, 'After 25 years, this platform lets us present who we are today while remaining open to new ideas and challenges. It's our way of welcoming others and sharing what drives us.' The website outlines Leira's mission: to deliver strong footwear collections that meet current market demands while upholding the company's values of precision, confidentiality, and fair pricing. At its foundation is a long-term vision rooted in trust-based partnerships and collaborative growth. With a skilled team, modern production facilities, and a commitment to detail, Leira has grown into a trusted partner for global brands. Today, more than 95% of its production is exported, underscoring its ability to consistently deliver international-quality footwear.

Magnificent Seven widen gap over Europe's giants as AI race heats up
Magnificent Seven widen gap over Europe's giants as AI race heats up

Euronews

time2 days ago

  • Euronews

Magnificent Seven widen gap over Europe's giants as AI race heats up

Europe is losing the AI race. The continent's largest companies are increasingly outpaced by their US counterparts—particularly in the rapidly evolving technological sector. While the broader European equity market has outperformed the S&P 500 so far this year, the continent's corporate heavyweights are falling behind in the global stock market hierarchy. The gap highlights a deeper transatlantic divide in innovation, private capital, and long-term competitiveness. As of mid-July, the combined market capitalisation of Europe's seven largest listed firms — SAP, Novo Nordisk, Hermès, ASML, LVMH, Roche and Nestlé — stands at $2.2 trillion (€1.73tr), virtually flat year-to-date. That puts the combined market cap of US 7 largest companies at $18,8 trillion vs. of EU's largest. By contrast, the US 'Magnificent Seven' — Nvidia, Microsoft, Apple, Amazon, Alphabet, Meta and Broadcom (instead of Tesla) — have reached a cumulative valuation of $18.8tr (€16.12tr), up 10.2% since the start of the year. Tech dominance defines the US-EU divergence The divergence reflects the central role of technology and artificial intelligence in today's equity market leadership. Seven out of seven of the largest US companies are technology firms with significant exposure to AI infrastructure, cloud computing or data platforms. In Europe, just two companies in the top seven — SAP and ASML — are active in the technology sector, with the remainder concentrated in luxury goods, pharmaceuticals and consumer staples. Nvidia alone is valued at €3.59 trillion, larger than the combined market cap of Europe's top seven. Its dominance is tied to its role in powering AI infrastructure worldwide, from model training to real-time inference. 'While the others use AI to power their platforms and services, Nvidia supplies the very foundation on which those ambitions are built,' said Natalie Hwang, founder of Apeira Capital, in an emailed comment. 'It quietly enables the success of every other member of the Magnificent Seven, while remaining their most indispensable partner.' According to industry estimates, Meta, Amazon, Alphabet and Microsoft are set to spend over $320 billion (€294 billion) on AI infrastructure in 2025, much of it focused on inference optimisation and hyperscale data centres. JP Morgan Chase's message to Europe: 'You're losing' JP Morgan Chase chief executive Jamie Dimon reinforced the broader concerns over Europe's global position during remarks at a recent event in Dublin hosted by the Irish foreign ministry. 'Europe has gone from 90% of US GDP to 65% over 10 or 15 years. That's not good,' Dimon said. 'You're losing.' He pointed to overregulation, fragmentation, and weak productivity as structural weaknesses, and urged European leaders to act on the 2024 report led by former ECB President Mario Draghi, which recommended €800 billion in annual investment to strengthen industrial competitiveness. Dimon added: 'We've got this huge, strong market and our companies are big and successful, have huge kinds of scale that are global. You have that, but less and less.' A moment of reckoning The diverging fortunes of the Magnificent Seven and Europe's corporate champions symbolise a broader transatlantic imbalance—not just in technology, but in economic dynamism. While Europe's top firms are respected global brands, they are increasingly eclipsed by American companies that are not only growing faster but also shaping the future. The AI race has become a litmus test for global economic relevance. If Europe is to keep pace, it must resolve its innovation shortfall, energise private investment, and modernise regulation. Otherwise, as Dimon put it bluntly: 'You're losing.'

Leira celebrates 25 years in footwear with new website launch
Leira celebrates 25 years in footwear with new website launch

Fashion Network

time2 days ago

  • Fashion Network

Leira celebrates 25 years in footwear with new website launch

Marking 25 years in the business, Portuguese footwear brand Leira has unveiled a new website—developed with Felgueiras Magazine Soluções Web—to showcase its craftsmanship, values, and growing global presence. Based in Felgueiras, a city renowned as one of Portugal's leading footwear manufacturing hubs, Leira has established a reputation over the past two decades for its commitment to craftsmanship, tradition, and sustainable practices. The new platform—available at to reflect the company's core values while showcasing its evolution and ambition to expand further in international markets. 'With an elegant design, intuitive navigation, and carefully crafted content, the website aims to strengthen the connection between the brand and its customers, partners, and wider community,' Felgueiras Magazine said in a statement. Leira's CEO, Isabel Teixeira, described the digital launch as a significant milestone. 'We wanted a website that truly reflects who we are—simple, genuine, and crafted with care,' said CEO Isabel Teixeira. 'It needed to mirror our approach: thoughtful, responsible, and rooted in a deep respect for craftsmanship.' She added, 'After 25 years, this platform lets us present who we are today while remaining open to new ideas and challenges. It's our way of welcoming others and sharing what drives us.' The website outlines Leira's mission: to deliver strong footwear collections that meet current market demands while upholding the company's values of precision, confidentiality, and fair pricing. At its foundation is a long-term vision rooted in trust-based partnerships and collaborative growth. With a skilled team, modern production facilities, and a commitment to detail, Leira has grown into a trusted partner for global brands. Today, more than 95% of its production is exported, underscoring its ability to consistently deliver international-quality footwear.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store