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.
In 2014, the shoe shop chain Scapino was taken over by the Dutch retail group Macintosh, resold to DFM Paritipaties and renamed "Fashion Market". The objective was the creation of a chain of discount clothing shops for women, men and children. However, after only one year, the company has gone bankrupt faced with large debts on taxes, social contributions and rent. Until recently, some 140 employees were working for Fashion Market. Some 40 of them have already found another job and left the company before bankruptcy.
Eurofound (2015), Fashion Market, Bankruptcy in Belgium, factsheet number 84726, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/84726.