Type
Bankruptcy
Country
Germany
Region
Location of affected unit(s)
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

150 jobs
Number of planned job losses
Job loss
Announcement Date
25 January 2021
Employment effect (start)
25 January 2021
Foreseen end date

Description

As announced on 25 January 2021, the French fashion retailer Pimkie will be closing 40 of its 75 branches in Germany, which will result in loss of approximately 150 jobs. Pimkie has been hit hard by the COVID-19 crisis causing the company to file for bankruptcy in September 2020. The company has since then been in negotiations regarding a restructuring programme; agreement has just been reached by the company’s creditors.

Pimkie has 350 employees in Germany.  


Sources

Citation

Eurofound (2021), Pimkie, Bankruptcy in Germany, factsheet number 103486, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/103486.