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 administrators of the London-based shoe retailer Jones Bootmaker have confirmed the immediate loss of 262 jobs and the closure of 31 stores. After weeks of uncertainty, Jones Bootmaker was placed in administration on 24 March 2017 and consequently a large part of the business was sold to private equity firm Endless. While 31 underperforming stores have been closed, the remaining 72 stores will continue to operate. Representing the administrators, Steve Absolom of KPMG said it was their priority to ensure that employees who have been made redundant 'receive the information and guidance they need' (The Daily Telegraph) to claim redundancy pay and other monies owed them from the Insolvency Service.
Jones Bootmaker was founded in London in 1857 and is one of the oldest brands in the United Kingdom.
Eurofound (2017), Jones Bootmaker, Closure in United Kingdom, factsheet number 90624, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90624.