Type
Merger/Acquisition
Country
Belgium
Region
Location of affected unit(s)
Sector
Wholesale / Retail
Retail trade
Retail sale of cultural and recreational goods
47.64 - Retail sale of games and toys

108 jobs
Number of planned job losses
Job loss
Announcement Date
23 September 2020
Employment effect (start)
Foreseen end date

Description

Maxi Toys, a Belgian branch of the French King Jouet toy retailer group, has announced dismissals across its different stores in Belgium. The King Jouet group acquired a part of the Maxi Toys chain past summer. However, those stores that were not a part of the acquisition  are now closing having declared bankruptcy, leading to a loss of around 108 jobs. In total, 26 stores are affected. 


Sources

Citation

Eurofound (2020), Maxi Toys, Merger/Acquisition in Belgium, factsheet number 101900, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101900.