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 UK arm of the 154-year-old Courts furniture chain is to be put into the hands of administrators after its banks called in loans.
The banks, which are owed £280m, are expected to appoint accountants KPMG to run the struggling British operation, presumably with a view to trying to sell it off or break it up before resorting to closure of its 89 UK stores and the possible loss of 1,400 jobs.
Eurofound (2004), Courts, Closure in United Kingdom, factsheet number 60778, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60778.