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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Other Goods In Specialised Stores 47.74 - Retail sale of medical and orthopaedic goods in specialised stores
150 jobs Number of planned job losses
Announcement Date
13 February 2023
Employment effect (start)
13 February 2023
Foreseen end date
Description
Eiffel Optic, the largest Czech chain of dioptric glasses and contact lenses went bankrupt. The company has 26 stores and employs around 150 people in the Czech Republic. It has admitted in its insolvency petition that it no longer has money to pay wages for January 2023.The beginning of the company’s downfall was thought to be the shutdown during the coronavirus pandemic. The final aspect was the decline in retail sales in 2022, caused by the decline in the market power of customers on the one hand and the steep increase in operating costs, in particular the price of energy, rent, and wages on the other hand.Eiffel Optic was founded in 1991.
Eurofound (2023), Eiffel Optic, Bankruptcy in Czechia, factsheet number 108409, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/108409.
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