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 Baird Group, the British men’s fashion retailer and wholesaler has announced that it will cut 264 jobs in its retail and distribution teams and close 18 shops across the UK, as well as a warehouse and an office as part of a restructure.
The chief executive said the restructure will enable the group to focus on its online channels and outlet stores and build 'a successful future' despite the challenges caused by the COVID-19 pandemic.
The Baird Group is registered under the name BMB Clothing. It specialises in formal men’s fashion and includes brands Ben Sherman and Suit Direct, as well as men’s tailoring concessions for Debenhams department stores.
Eurofound (2020), Baird Group, Closure in United Kingdom, factsheet number 101932, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101932.