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 Parisian brand Eleven Paris has been put under liquidation on 27 March by the Commercial court of Paris. This decision leads to the dismissal of over a hundred of employees from the headquarter in Paris and of its different outlets in France. The company was placed in receivership in December 2016. The group failed after receiving complains after using the image and name of artists as Rihanna, Beyoncé, Kanye West, Jay-Z and Pharell Williams. If an agreement was to be found, the financial situation was too compromised to pursue its development.
Eurofound (2017), Eleven Paris, Bankruptcy in France, factsheet number 90775, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90775.