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 management of the perfumery chain Douglas Italia presented a restructuring plan entailing the closure of 128 salespoints employing 457 workers, the majority of them are women.
The list of 128 stores that will be closed was announced to the trade unions, and the company already started to cancel a good number of shops' rental contracts.
The choice, connected to the reduction in business volumes connected to COVID-19 restrictions, is contested by the sectoral trade unions. A meeting between the parties has been scheduled at the Ministry of Economic Development for 6 April 2021.
In Italy, the company has a historical presence and has over 500 stores.
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Eurofound (2021), Douglas Italia, Closure in Italy, factsheet number 104401, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/104401.