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 Of Other Household Equipment In Specialised Stores 47.59 - Retail Sale Of Furniture, Lighting Equipment And Other Household Articles In Specialised Stores
140 jobs Number of planned job losses
Announcement Date
6 September 2024
Employment effect (start)
6 September 2024
Foreseen end date
6 September 2024
Description
Jan Hallas, the owner of My Home furniture chain, has decided to close all 23 stores in Denmark, including three in Northern Jutland, due to financial difficulties.
The company is not facing bankruptcy: all employees, customers, and suppliers will be compensated.
Hallas reacquired the chain in 2023 for one krone after selling it to BHG Group in 2017. The business has reported losses of around 50 million kroner over the past two years, though it still has equity of 55 million kroner. Approximately 140 employees will lose their jobs.
Eurofound (2024), My Home Møbler , Closure in Denmark, factsheet number 201585, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201585.
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