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 Chambéry rejected the offers to take over the Mignola Carrelages group and decided to liquidate the company by court order. This decision results in the elimination of 140 jobs in four companies based in Challes-les-Eaux (Savoie). The family group, which presents itself as the second largest national tiling specialist, was placed in receivership on 14 October. The company had achieved a turnover of €27 million in 2018. And it had an order book of €32 million a year ago. However, at the same time, Mignola Carrelages had to face delays on three key sites, causing cash flow difficulties, followed by periods of technical unemployment and financial losses.
Eurofound (2019), Mignola carrelages, Bankruptcy in France, factsheet number 99290, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/99290.