The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Abersock, Aldeburgh, St Andrews, Dartmouth, Harrogate, St Ives, Lincoln, Rushden Lakes and Southwold, Exeter, Cambridge, Bath and Manchester Trafford Centre + other locations
Sector
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Other Goods In Specialised Stores 47.71 - Retail sale of clothing in specialised stores
100 - 500 jobs Number of planned job losses
Announcement Date
26 March 2020
Employment effect (start)
26 March 2020
Foreseen end date
Description
The Frasers Group, the UK-based fashion and sports goods retailer, has announced that it will permanently close 31 out of 80 Jack Wills stores across the UK, making the affected employees redundant with immediate effect. The company has not disclosed the number of job redundancies caused by the closures, however more than 100 employees are likely to be affected.
A spokesperson for the company said that the closures were inevitable due to the high level of uncertainty caused by the Covid-19 pandemic.
The Jack Wills chain, which specialises in fashion for young people, was acquired by Sports Direct International in August 2019 – at that time Jack Wills Limited had 1,800 employees working in 110 shops. Sports Direct International was later renamed as ‘Frasers Group’.
Eurofound (2020), Frasers Group, Closure in United Kingdom, factsheet number 100223, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/100223.
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