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.
Placed in receivership since September 2023, shoe retailer Minelli has just been taken over by a consortium of three buyers (Mes Demoiselles Paris, DS Invest and Union Brothers), but with a third of its employees and half its shops. At the end of 2023, 579 people worked for Minelli, but only 213 are taken over on permanent contracts (187 employees and 26 head office staff). A total of 366 employees will be made redundant. Out of 220 points of sale, only 47 shops will be taken over (including 39 branches and 8 corners). Minelli was taken over in 2022 by San Marina, which has since been liquidated. In the absence of buyers, the chain of 163 shops was liquidated in February 2023, resulting in 680 redundancies (FR-San-Marina-2023).
Eurofound (2024), Minelli, Merger/Acquisition in France, factsheet number 200686, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200686.