Type
Bankruptcy
Country
Croatia
Region
Hrvatska; Kontinentalna Hrvatska; Grad Zagreb
Location of affected unit(s)
Zagreb
Sector
Retail
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Sale Of Other Goods In Specialised Stores
47.78 - Other retail sale of new goods in specialised stores

123 jobs
Number of planned job losses
Job loss
Announcement Date
3 March 2014
Employment effect (start)
10 March 2014
Foreseen end date
4 April 2014

Description

Toy retailer One2Play has announced its bankruptcy with the loss of 123 jobs. This is due to declining sales and the firm's failure to restructure its debt with creditor banks. Consumer spending in Croatia is estimated to have declined by as much as 30% in the last five years.


Sources

  • 3 March 2014: Poslovni.hr

Citation

Eurofound (2014), One2Play, Bankruptcy in Croatia, factsheet number 76684, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76684.