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.
Clothing retailer Greenwoods has announced that a buyer has been found for the majority of the business. The business entered administration in September 2017, and at that time it was hoped that a buyer would be found for the entire company. Versatile International Trading Limited have now bought 40 of the firm's 63 stores as well as the head office and warehouse functions. This means that around 181 store jobs have been saved, though there will be 88 redundancies from the 22 stores which will close immediately.
Eurofound (2017), Greenwoods, Bankruptcy in United Kingdom, factsheet number 92384, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/92384.