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.
A UK chain that operates venues specialising in snooker and pool as well as darts, bingo and screen sports, Rileys Sports Bar, has made 124 staff redundant after going into administration. Of those workers who were made redundant, 104 staff worked at 15 of the bars and a further 20 worked in the company’s head office located in Milton Keynes. The 15 venues that have closed are located in Belle Vue (Manchester), Cardiff, Coatbridge, Derby, Edinburgh, Exeter, Guildford, Hull, Luton, Peterborough Orton, Peterborough QClub, Plymouth, Rugby, Scunthorpe and Wigan.
The remaining 44 venues continue to trade as administrators consider options. This is the third time the company has gone into administration in recent years. Prior to the appointment of the administrators, Rileys operated 59 venues across the United Kingdom, employing 522 staff. At its peak, there were 165 clubs in the Rileys chain.
Eurofound (2014), Riley Sports Bars, Bankruptcy in United Kingdom, factsheet number 77561, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77561.