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 Sale Of Cultural And Recreation Goods In Specialised Stores 47.6 - Retail sale of cultural and recreation goods in specialised stores
394 jobs Number of planned job losses
Announcement Date
22 December 2006
Employment effect (start)
1 January 2007
Foreseen end date
30 June 2007
Description
The commercial court announced on 22 December 2006 that Maxilivres, a company specialised in trade of books and newspapers, which filed for bankruptcy in November 2006, would belong to Avenir Telecom group as of January 2007. After acquisition, Avenir Télécom will employ 166 people in 54 out of 59 retail stores and will cut 394 jobs between January and June 2007.
Sources
21 December 2006: Le Progrès
22 December 2006: Les Echos
20 December 2006: AFP
21 December 2006: Ouest France
Citation
Eurofound (2006), Maxilivres, Merger/Acquisition in France, factsheet number 64649, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64649.
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