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.
On 10 October 2012, the Commercial Court of Lille (Nod) decided on the liquidation of IT and high-tech products retailer Surcouf, affecting 379 employees. Placed in administration since February, this subsidiary of the group Mulliez failed to find a buyer.
The Court has decided the liquidation and allowed the management to pursue its activities until 30 November 2012. Hugues Mulliez had bought Surcouf from the luxury group PPR in 2009. After recording big losses since 2010, a restructuring was claimed to be necessary, which resulted in the closure of two shops and a social plan affecting 200 jobs.
Eurofound (2012), Surcouf, Bankruptcy in France, factsheet number 74282, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74282.