MultiMediaServices

Type
Bankruptcy
Country
Belgium
Region
Vlaams Gewest; Prov. Antwerpen; Arr. Turnhout
Location of affected unit(s)
Herenthout
Sector
Wholesale / Retail
46 - Wholesale trade
46.5 - Wholesale of information and communication equipment
46.50 - Wholesale of information and communication equipment
120 jobs
Number of planned job losses
Job loss
Announcement Date
3 July 2014
Employment effect (start)
3 July 2014
Foreseen end date

Description

Wholesale company of DVD’s, CD’s and games Multi Media Services (MMS) is declared bankrupt. 120 jobs are lost (55 blue collar and 65 white collar jobs). As reported, the shift away from in-store to on-line shopping is linked with the bankruptcy.

Sources

Citation

Eurofound (2014), MultiMediaServices, Bankruptcy in Belgium, factsheet number 77316, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77316.