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.
MyWorld International AG, the Austrian successor to Lyoness and operator of a global shopping platform via subsidiaries, has filed for insolvency and plans to reduce its 116-strong workforce at its Graz headquarters. The restructuring will affect administrative and operational roles, aiming to continue operations with fewer staff. Talks with a strategic investor have not yet concluded but remain ongoing.
The company reports liabilities of €22.73 million against assets of €15.07 million, plus disputed tax debts of €56.3 million, which could raise insolvency exposure to €64 million. Around €5 million of liabilities relate to outstanding vouchers for hundreds of customers, and 2,049 creditors are involved. The restructuring plan foresees a 20% repayment within two years.
Eurofound (2025), myWorld International, Bankruptcy in Austria, factsheet number 203189, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203189.