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 Courtepaille restaurant chain, which belonged to the Napaqaro group, has been taken over by the La Boucherie group, whose takeover bid has been validated by the Nanterre court. With this takeover, about 1,500 employees, according to La Boucherie, will be dismissed. A trade unionist expected 1,600 job cuts. La Boucherie's offer consists of extending the Courtepaille brand to 72 franchises and 9 other directly-operated establishments. Faced with 'serious economic and financial difficulties initially caused by the Covid crisis and subsequently worsened', the company announced at the end of March that it had applied to the Nanterre Commercial Court to open receivership proceedings.
Prior to this takeover, the restaurant chain had 144 directly-operated restaurants and 72 franchises. It employed a total of 2,089 people.
Eurofound (2023), Courtepaille, Merger/Acquisition in France, factsheet number 109194, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/109194.