The plan will see the company increase its total retail space in Ireland by 20% over the next decade.
There will also be a €60m investment made in the redevelopment and extension of its Patrick Street store in Cork city while €20m will be injected into an extension at its Eyre Square outlet in Galway. "Our investment plans demonstrate the confidence and commitment we have to Penneys in Ireland: we plan to remain at the centre of Irish retail for a long time to come," he added.
The remaining 100 new positions will be located at its global headquarters, Arthur Ryan House, in Dublin city centre.
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