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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Trade, Except Of Motor Vehicles And Motorcycles 47 - Retail trade, except of motor vehicles and motorcycles
1,400 jobs Number of planned job creations
Announcement Date
9 June 2006
Employment effect (start)
Foreseen end date
23 September 2011
Description
The CEO of store 'La Samaritaine', a Parisian department store with iconic status, has announced the opening of a 'new' store in Paris (in Rue de Rivoli), by autumn 2011. The decision was made by the Louis Vuitton - Moët Hennessy (LVMH) group and the owner of the department store ('La Samaritaine') since 2001, and has taken both employees and unions by 'surprise'. Since 2005, the store was demolished (because of the risks of asbestos) and the building (82,000 square meters) is in construction until 2011. By the end of 2011, 1,400 new jobs will be created.
Sources
12 June 2006: La Tribune
Citation
Eurofound (2006), La Samaritaine, Business expansion in France, factsheet number 63617, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63617.
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