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 In Non-Specialised Stores 47.11 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
250 jobs Number of planned job creations
Announcement Date
2 November 2012
Employment effect (start)
1 November 2012
Foreseen end date
31 December 2013
Description
On 2 November, Michel Rubino, the buyer of 139 Schlecker stores in France announced that all 750 jobs will be saved and 250 more will be created in 2013 under the company name Système U.
The German drugstore chain Schlecker declared bankruptcy in January 2012, which resulted in many job losses throughout Europe (the group had an estimated workforce of over 50,000). In France, the 139 premises will operate as food stores, as part of the supermarket group Système U, and will be renamed “Utile" or "U express”.
Sources
2 November 2012: Marsactu
Citation
Eurofound (2012), Système U, Merger/Acquisition in France, factsheet number 74420, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74420.
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