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.
South Wales-based bakery Ferrari's, which employs about 600 people, has gone into administration.
The bakery, whose headquarters are in Hirwaun, near Aberdare, has 60 shops in south Wales, as well as wholesale foods business Celtic Savouries in Swansea.
Ferrari's parent company, Cleary Foods, said that 'lower sales and higher costs' had led to the decision.
The company said administrators had been appointed to control Ferrari's and Celtic Savouries, which will continue to operate while buyers are sought.
Eurofound (2006), Ferrari's, Closure in United Kingdom, factsheet number 64682, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64682.
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