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.
Welsh online cosmetics retailer has announced the creation of 100 new jobs. The jobs will be located in the company’s new distribution centre that will be located in Cardiff. In line with policy to support digital entrepreneurship and local economic development, Escentual received support from the Welsh government to ensure the business remains in Wales. In addition to the 100 new jobs that will be created as a result of the expansion, a further 20 jobs will be retained in Wales. Set up in 2000, Escentual is an online seller of luxury cosmetics, fragrances, skincare, makeup and hair care products. The new distribution centre is three times larger than its previous site. By moving to this bigger site, the company plans to increase the number of product lines from 5,000 to 15,00 across the next two to three years. The company recruits from Welsh universities and through support schemes put in place by the Welsh Government to support start-ups and new business expansion.
Eurofound (2015), Escentual, Business expansion in United Kingdom, factsheet number 83726, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/83726.