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 shoe retailer Chaussexpo has announced a plan to close 35 of its 223 stores by the end of 2018, and to cut 124 jobs. 94 job cuts will result of the closing stores and the remaining job cuts will affect the company headquarters at Lesquin, near Lille (Nord). Chaussexpo was placed in receivership in February 2018. The company had already closed 29 stores in 2017. Its recovery plan includes reducing costs, increasing its number of collections from two to four, updating the e-commerce site and creating 11 jobs in cross channel and social media marketing. The company employs 744 people in its retail activities and 64 in its logistic activities.
Eurofound (2018), Chaussexpo, Closure in France, factsheet number 95661, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/95661.