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.
Photographic retailing company Jessops has gone into administration, resulting in the loss of 1,370 jobs. All 187 stores have shut down. It is reported that the chain has been negatively affected by competition from supermarkets and online retailers and declining demand. The immediate closure comes as a result of a break-down of negotiations with suppliers.
Eurofound (2013), Jessops, Closure in United Kingdom, factsheet number 74756, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74756.