Type
Merger/Acquisition
Country
Belgium
Region
Location of affected unit(s)
Sector
Retail
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Sale Of Cultural And Recreation Goods In Specialised Stores
47.65 - Retail sale of games and toys in specialised stores

108 jobs
Number of planned job losses
Job loss
Announcement Date
23 September 2020
Employment effect (start)
Foreseen end date

Description

Maxi Toys, a Belgian branch of the French King Jouet toy retailer group, has announced dismissals across its different stores in Belgium. The King Jouet group acquired a part of the Maxi Toys chain past summer. However, those stores that were not a part of the acquisition  are now closing having declared bankruptcy, leading to a loss of around 108 jobs. In total, 26 stores are affected. 


Sources

Citation

Eurofound (2020), Maxi Toys, Merger/Acquisition in Belgium, factsheet number 101900, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101900.