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 new garment factory Colour Bulgaria was created and started working within a period of 4 months - from January till April 2006. The two owners have bought the bankrupted English company Walters(where 750 tailors have worked before) and have created a working firm according to all international standards in that field. The business plan of the two owners - Luchezar Bakardzhiev and Nicolas Guzzi - foresees to the end of the year the turnover to reach BGN 1 million. Each week Colour Bulgaria exports between 13,000 and 15,000 man coats and trousers for the United Kingdom. The personnel consist of 150 persons directly involved in the new firm and 1,000 persons are employed in auxuliary activities - all working for the products, directed to UK market. The plans for the future are to enlarge the markets not only in UK, but in other European countries, as well as to create own trade mark, which us already registered – Fade golf wear.
Eurofound (2006), Colour Bulgaria, Business expansion in Bulgaria, factsheet number 63484, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63484.