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 Commercial Court of Annecy has pronounced the judicial liquidation of Solemma, owner of the Salamander and Reborn shoe brands, leading to the dismissal of its 100 employees.
The company had been placed in receivership since 26 September 2022 and 19 shops will be closed in France.
A year ago, two buyers bought the Salamander subsidiary for the French and Belgian markets, which was threatened with closure. One of them mentioned a temporary cash flow problem and said he was shocked by the brutality of the court's decision.
The objective of Salamander's buyers was to transform the company into "Reborn", a new multi-brand shoe concept store, also offering its own brand and services based on social and environmental responsibility. A first shop was opened in Strasbourg.
Eurofound (2023), Solemma, Bankruptcy in France, factsheet number 108720, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/108720.