UK Markets close in 6 hrs 46 mins
  • FTSE 100

    7,004.93
    +8.85 (+0.13%)
     
  • FTSE 250

    23,036.20
    +159.19 (+0.70%)
     
  • AIM

    1,239.39
    +8.28 (+0.67%)
     
  • GBP/EUR

    1.1745
    +0.0002 (+0.02%)
     
  • GBP/USD

    1.3868
    -0.0010 (-0.0735%)
     
  • BTC-GBP

    28,461.68
    +1,479.75 (+5.48%)
     
  • CMC Crypto 200

    926.58
    +50.35 (+5.75%)
     
  • S&P 500

    4,401.46
    -20.84 (-0.47%)
     
  • DOW

    35,058.52
    -85.79 (-0.24%)
     
  • CRUDE OIL

    72.16
    +0.51 (+0.71%)
     
  • GOLD FUTURES

    1,800.10
    +0.30 (+0.02%)
     
  • NIKKEI 225

    27,581.66
    -388.56 (-1.39%)
     
  • HANG SENG

    25,473.88
    +387.45 (+1.54%)
     
  • DAX

    15,545.29
    +26.16 (+0.17%)
     
  • CAC 40

    6,570.03
    +38.11 (+0.58%)
     

Zalando to set up logistic site in France, creating 2,000 jobs, Elysee says

·1-min read
FILE PHOTO: The logo of fashion retailer Zalando is pictured at the new headquarters in Berlin

PARIS (Reuters) - German online fashion retailer Zalando will invest 300 million euros ($358 million) in a new logistics site in France that will lead to the creation of 2,000 jobs, the French presidential palace said on Monday.

It is one of the 22 investment projects outlined by the Elysee palace, for a total of 3.5 billion euros, as French President Macron welcomes 120 international chief executives in Versailles on Monday for his now traditional "Choose France" summit in which he pitches France as an investment destination.

Robert Gentz, one of Zalando co-CEO's, is on Macron's guest list.

(Reporting by Sarah White; Writing by Benoit Van Overstraeten; Editing by Edmund Blair)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting