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 recession in the furniture sector has claimed its fourth major victim in 12 months. Furnitureland Holdings, which owns the chain, was forced to call in administrators after an 11th-hour rescue attempt failed to stave off a cash crunch. The collapse of the sofa-to-bed retailer puts 500 jobs, including 40 head office positions, at risk. It owed suppliers about £11m and has more than 20,000 outstanding customer orders.
Eurofound (2005), Furnitureland, Closure in United Kingdom, factsheet number 62313, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62313.