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.
Bayard, a French ready-to-wear clothing company, is closing its doors, impacting a workforce of approximately 130 to 150 employees across France.
The decision to close all 56 remaining shops as of October 5 is in response to a significant decline in sales, which dropped from €22 million to €18 million, further exacerbated by the ongoing effects of the COVID-19 pandemic.
Having been in receivership for a year without securing a buyer, the company has now been declared bankrupt. This closure will notably affect workers in Quetigny (Côte-d'Or), where the company’s headquarters are located.
Eurofound (2024), Bayard, Bankruptcy in France, factsheet number 201710, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201710.