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 French photography group, which specialises in maternity pictures, Primavista has gone bankrupt, rendering its 235 employees redundant.
The company had been experiencing financial difficulties even after receiving 3,5 million euros from public aid with COVID pandemic-related funds. Prior to the bankruptcy, the company faced a significant server infrastructure failure and economic difficulties that remained unresolved. This resulted in hundreds of clients losing their photographs. The former employees will be left with only the minimum legal rights following the closure.
Eurofound (2025), Primavista, Bankruptcy in France, factsheet number 202940, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202940.