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 47.71 - Retail Sale Of Clothing In Specialised Stores
200 jobs Number of planned job losses
Announcement Date
13 February 2024
Employment effect (start)
14 February 2024
Foreseen end date
29 February 2024
Description
The Paris Commercial Court has decided the compulsory liquidation of the ready-to-wear chain Burton of London, which still employed some 200 people, all of whom will be made redundant. The company, whose main shareholder is Thierry Le Guénic, was placed in receivership until the summer of 2023. The company closed its head office and 46 shops across France.
The current owner, Thierry Le Guénic, acquired Burton of London for a symbolic €1 in November 2020. At the time, the company employed 658 people in 122 shops. 228 redundancies were announced during the first social plan in February 2023.
Eurofound (2024), Burton of London, Bankruptcy in France, factsheet number 200799, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200799.
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