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.
Retail chain Ethel Austin has announced that it has closed and made all 215 staff redundant. The troubled retailer went into administration in 2008, 2010 and 2011. The current owner had bought the chain out of administration only in 2012.
Whilst some stores were saved on previous occasions, the administrator has confirmed that all remaining stores will now close.
Eurofound (2013), Ethel Austin, Bankruptcy in United Kingdom, factsheet number 74827, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74827.