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.
Unwins, the off-licence chain has been shut down with the loss of 1,800 jobs, after administrators took control of the business. Myles Halley, joint administrator from KPMG, said: 'Unwins has suffered, like other off-licence chains, from increased competition from supermarkets and tight margins. The business is believed to have debts of about £30 million. Some 400 employees, mostly shop managers, had been made redundant earlier this month as Unwins had shut all but 95 of its 350 stores, putting many leases up for sale. Suppliers are believed to have been concerned about Unwins' future for some time, keeping the company to tight credit agreements. Stock has been running down for some months.
Eurofound (2005), Unwins, Closure in United Kingdom, factsheet number 62644, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62644.