Type
Bankruptcy
Country
Netherlands
Region
Location of affected unit(s)
Sector
Retail
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Sale Of Other Goods In Specialised Stores
47.72 - Retail sale of footwear and leather goods in specialised stores

500 jobs
Number of planned job losses
Job loss
Announcement Date
24 January 2013
Employment effect (start)
Foreseen end date

Description

On 24 January 2013, footwear retail group Schoenenreus went bankrupt and immediately announced its restructuring plan. This will result in the closure of 65 of the existing 206 shops and the loss of 500 jobs, out of a total of 1500.

It is reported that background to the bankruptcy is the increasing competition from internet retailers.


Sources

  • 25 January 2013: De Volkskrant
  • 25 January 2013: Het Financieele Dagblad

Citation

Eurofound (2013), Schoenenreus, Bankruptcy in Netherlands, factsheet number 74871, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74871.