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 Cultural And Recreation Goods In Specialised Stores 47.65 - Retail sale of games and toys in specialised stores
250 jobs Number of planned job losses
Announcement Date
25 July 2018
Employment effect (start)
24 July 2018
Foreseen end date
31 January 2019
Description
The Dutch toy retailer Intertoys, is closing all of its 23 stores in Germany by 31 January 2019, which will result in the loss of 250 jobs. Most shops are located in North-Rhine Westphalia. Some shops might close at an earlier time, if a solution can be found regarding the future of the properties. According to management, the closure is inevitable, as sales do not cover the costs anymore.
Intertoys opened its first shop in Germany in 1996 and is market leader in the Netherlands.
Sources
Citation
Eurofound (2018), Intertoys, Closure in Germany, factsheet number 94810, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/94810.
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