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.
Hotel / Restaurants Accommodation And Food Service Activities Food And Beverage Service Activities 56.2 - Event catering and other food service activities
100 jobs Number of planned job losses
Announcement Date
8 December 2003
Employment effect (start)
Foreseen end date
Description
FanoFineFood has been the property of Koninklijke Smilde since mid 2001. FanoFineFood came into difficulties because of fraud with the accountancy, and too ambitious a planning for development. Koninklijke Smilde is now offering the best price and the solution maintaining the most jobs. The group is buying the production sites of Emmen, Oldenzaal and Oosterwolde but what will happen to the locations in Rotterdam and Belgium is still unclear. FanoFineFood will concentrate on the production of meals and salads.
Sources
8 December 2003: Reformatorisch Dagblad
Citation
Eurofound (2003), FanoFineFood, Merger/Acquisition in Netherlands, factsheet number 59464, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59464.
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