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 French toy company, Smoby, was bought out, in spring 2007 by the American toys produter MGA Entertainement. However, due to ongoing insolvency, Smoby was, again, place under a recovery proceeding in October. The bankruptcy court of Lons-Le-Saunier (Jura) chose the German group Simba (leader in Germany) to buy out Smoby. Simba has now announced that 597 employees in France will be laid off.
Eurofound (2008), Smoby, Merger/Acquisition in France, factsheet number 66370, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66370.