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 In Non-Specialised Stores 47.1 - Retail sale in non-specialised stores
650 jobs Number of planned job losses
Announcement Date
22 December 2020
Employment effect (start)
1 January 2021
Foreseen end date
Description
Mega World (former Blokker), a retail chain with 199 stores in Belgium has announced bankruptcy. In total 650 employees will lose their job. The chain of retail stores, formerly known under the Blokker brand was acquired one year ago by Mega World. The acquisition was controversial and trade union delegations state that mismanagement is one of the main reasons why the chain is forced to close down. Latest news indicates that international buyers are interested in potentially acquiring the closed down stores.
Eurofound (2020), Mega World, Bankruptcy in Belgium, factsheet number 102976, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/102976.
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