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.
Hull based furniture manufacturer Kingstown Group has announced that it has entered administration and has ceased trading with immediate effect, resulting in the loss of all 280 jobs. The business traded under two company names, Kingstown Furniture and Consort Furniture. Administrators have confirmed that they are working with affected employees and are seeking interest from buyers for various parts of the business. The failure of the company has been attributed to a decline in customers' discretionary spending and the continued bleak economic outlook.
Eurofound (2019), Kingstown Group, Bankruptcy in United Kingdom, factsheet number 97379, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/97379.