Type
Merger/Acquisition
Country
France
Region
Location of affected unit(s)
Sector
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
Job creation
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.