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
1,000 - 1,500 jobs Number of planned job losses
Announcement Date
8 March 2019
Employment effect (start)
31 March 2019
Foreseen end date
Description
The Dutch toy store chain, Intertoys, was preparing to declare bankruptcy at the end of February of 2019. However, the company was able to find support for a restart through the Portuguese company Green Swan. As a result, only 90 out of 286 shops will now close in the Netherlands. This means that out of the total 3,200 employees across 286 stores, between 1,000 and 1,500 will lose their jobs. The aim for the company is to continue business operations after this restart ('doorstart' in Dutch) with 120 own shops, and the series of franchise shops.
Eurofound (2019), Intertoys, Closure in Netherlands, factsheet number 97410, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/97410.
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