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
250 jobs Number of planned job losses
Announcement Date
8 August 2017
Employment effect (start)
Foreseen end date
Description
The Dutch clothing retail chain, Tuunte, specialising in women's and children's fashion, was declared bankrupt, leading to the loss of 250 jobs of mostly part-time employees. The chain has some 40 stores located mainly in smaller towns and villages in the eastern part of the Netherlands (with a few exceptions). The retailer has suffered losses for the past five years. Reasons for its decline are said to be due to an inability to cope with changing consumer behaviour such as increased online shopping and a preference for shopping in larger cities. Options for finding alternative investors are still being investigated.
Sources
8 August 2017: volkskrant.nl
8 August 2017: fd.nl
8 August 2017: De Stentor
8 August 2017: Nu.nl
Citation
Eurofound (2017), Tuunte, Bankruptcy in Netherlands, factsheet number 91691, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91691.
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