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.
Westfield London, Bluewater in Kent, Manchester, Birmingham and other locations
Sector
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Other Goods In Specialised Stores 47.71 - Retail sale of clothing in specialised stores
200 jobs Number of planned job losses
Announcement Date
4 September 2020
Employment effect (start)
Foreseen end date
Description
Jigsaw, the British luxury fashion chain has confirmed plans for a restructure with 13 store closures across the UK, leading to a minimum of 200 redundancies. Locations where Jigsaw shops will close include London, Manchester and Birmingham.
A spokesperson for Jigsaw said the Company Voluntary Arrangement (CVA) with its landlords and creditors will allow the business to follow its 'turnaround strategy' and 'refocus' on their core business. The company pursued the restructure after experiencing a significant drop in sales caused by the COVID-19 pandemic.
Jigsaw has 74 stores and employs 900 people across the UK. The company also has stores and concession partners in Ireland, the Netherlands, the USA and Australia.
Eurofound (2020), Jigsaw, Internal restructuring in United Kingdom, factsheet number 102026, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/102026.
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