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 manufacturer of handbags and leather products, Texier, has announced the recruitment of 100 leather goods crafters within two years at Vitré (Ille-et-Vilaine). After many economic difficulties, Texier was taken over by the Renaissance group in 2015. The group has invested €100,000 in this site to modernise the plant. Thanks to the commercial success of 'Les Georgettes' bracelets, the company has taken over 82 people it had previously dismissed and now has more than 90 employees.
The company also produces travel and business bags (60% of turnover) and is still a subcontractor for major luxury brands (15%). The director announced that he wanted to recruit 100 leather goods makers within two years. To achieve this, Texier will create its own training centre this summer.
Eurofound (2019), Texier, Business expansion in France, factsheet number 97305, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/97305.