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.
Mega World (former Blokker), a retail chain with 199 stores in Belgium has announced bankruptcy. In total 650 employees will lose their job. The chain of retail stores, formerly known under the Blokker brand was acquired one year ago by Mega World. The acquisition was controversial and trade union delegations state that mismanagement is one of the main reasons why the chain is forced to close down. Latest news indicates that international buyers are interested in potentially acquiring the closed down stores.
Eurofound (2020), Mega World, Bankruptcy in Belgium, factsheet number 102976, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102976.