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.
According to the mamagement position there is an over-investment in the food retail trade sector resulting in intense competition for small and medium enterprises. As a result, all 13 department stores of Super Market Antonopoulos were progresivelly driven into red, leaving no alternative solution apart from bankruptcy. 150 workers are affected by the closure.
Eurofound (2003), Super Market Antonopoulos, Bankruptcy in Greece, factsheet number 59201, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59201.