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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Other Goods In Specialised Stores 47.71 - Retail sale of clothing in specialised stores
100 - 272 jobs Number of planned job losses
Announcement Date
3 June 2017
Employment effect (start)
Foreseen end date
Description
Parent company of fashion retailer Jacques Vert has been sold to Calvetron Style Holdings, a company backed by three entrepreneurs. The sale of the business has secured the future of 1,272 jobs in the UK and 1,719 jobs worldwide. However, there will be 272 job losses, with the majority of these based in the UK. There will be 98 job losses from the head office in Shoreditch, London, as well as losses from the warehouses in County Durham. In addition there are 17 standalone UK based stores which have not been included in the sale of the business and jobs will be lost from these sites which will close immediately.
Sources
3 June 2017: The Telegraph
3 June 2017: Sky news
5 June 2017: Retail Gazette
Citation
Eurofound (2017), Jacques Vert, Merger/Acquisition in United Kingdom, factsheet number 91325, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91325.
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