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 Commercial Court of Agen has decided to liquidate the Garrigues industrial joinery at Colayrac-Saint-Cirq, near Agen (Lot-et-Garonne). The liquidation will result in 180 job cuts in the three companies forming the Garrigues group: Garrigues SA, Garrigues THM and Axitech. The court granted a continuation of activity until Thursday 17 October for the first two, until 31 October for the last.
Garrigues, which has a deficit of €39 million, was placed in safeguard proceedings in February, before going into receivership at the end of June. The court dismissed an offer of takeover that it considered insufficient.
Eurofound (2019), Garrigues, Bankruptcy in France, factsheet number 98959, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/98959.