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.
Hotter Shoes, the British shoe manufacturer and retailer, has announced that it will permanently close 46 of its 61 shops as part of a company voluntary agreement, leading to 370 redundancies across the UK.
The company’s chief executive officer said the effects of the COVID-19 pandemic had made it necessary to restructure the company to 'ensure a viable future for the business' and avoid more job losses.
Hotter Shoes is Britain’s largest shoe manufacturer. The company was founded in 1959 in Lancashire, in the north of England, and it is currently owned by the private equity firm Electra.
Eurofound (2020), Hotter Shoes, Closure in United Kingdom, factsheet number 101448, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101448.