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.
Retailer Tie Rack is to close its 44 UK stores with the possible dismissal of all 200 staff.
The initiative is the result of an ongoing decline in sales since 1998.
The firm is a subsidiary of Italian-based Fingen group. Tie Rack operated 450 stores within the UK at peak times.
Eurofound (2013), Tie Rack, Bankruptcy in United Kingdom, factsheet number 76212, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76212.