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.
The Dutch clothing retailer MS Mode has filed for bankruptcy, and its 935 employees in its 130 stores across the Netherlands and the international head office in Diemen (West Netherlands) will become unemployed. The bankruptcy follows several years of careful growth since 2011, but disappointing sales during the last winter with soft weather proved too much. Talks with potential buyers have been underway for a while, but there are no indications as of yet that they have succeeded. Outside of the Netherlands, MS Mode has an additional 270 stores in Belgium, Luxembourg, Germany, France and Spain. The roughly 1350 employees outside of the Netherlands remain, as of yet, unaffected.
Eurofound (2016), MS Mode, Bankruptcy in Netherlands, factsheet number 88370, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/88370.