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
1,700 - 2,200 jobs Number of planned job losses
Announcement Date
8 March 2019
Employment effect (start)
8 March 2019
Foreseen end date
Description
Intertoys, a nation-wide toy store chain, has announced the closure of at least 90 stores, resulting in the dismissal of up to 2,200 employees. The toy store chain was declared bankrupt in February 2019 due to decreased number of sales and was then acquired by the Portuguese investment fund Green Swan. After negotiations with franchisees and the sites’ landlords, the company decided to keep 230 branches open. With the acquisition of Intertoys and other toy store chains in Belgium, Spain and Portugal, Green Swan aims to become the largest toy chain in Europe.
Eurofound (2019), Intertoys, Merger/Acquisition in Netherlands, factsheet number 97366, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/97366.
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