Restructuring events
European Restructuring Monitor (ERM)
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.
The start-up Back Market (Jung SAS), an online sales company specialising in refurbished electronics, has announced plans to double its workforce from 280 to 560 employees by 2020. The company is seeking cadidates in particular for quality control, to reduce the fail rate of products sold. The company, which has seen its sales double during lockdown, due to the intensification of online commerce, the use of video games, and the needs related to teleworking, managed to raise €100 million from investment bank Goldman Sachs and the French funds Aglaé Ventures and Eurazeo Growth. These funds should enable it to continue its international expansion, particularly in the German, British and American markets.
Back Market currently employs 280 people in 8 countries.
Eurofound (2020), Back Market, Business expansion in World, factsheet number 100601, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100601.