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.
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.
Eurofound (2013), Schoenenreus, Bankruptcy in Netherlands, factsheet number 74871, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74871.