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.
Allopneus.com, a specialist in the sale of tyres on the Internet, is preparing to build a new logistics site in Valence (Drôme). The construction of the site will start on 30 January. About 250 jobs will be created and the first recruitment will take place in September when the site will be opened. The investment is estimated at €40 million. The company, in which the group Michelin owns 40% of the shares since 2015, has already a logistic site at Oignies (Pas-de-Calais), but it reached a saturation point with 600,000 tyres. The new site will be able to store an additional 600,000 tyres. In 2016, the company has sold about 3.5 million of tyres for a global turnover of €250 million (10% of the French market). The new site will allow the company to explore markets in Italy and Spain in the near future.
Eurofound (2017), Allopneus, Business expansion in France, factsheet number 89824, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/89824.