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.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64.20 - Activities Of Holding Companies
100 jobs Number of planned job losses
Announcement Date
23 October 2024
Employment effect (start)
23 October 2024
Foreseen end date
Description
The Hopps Group, a French holding company, has been declared bankrupt. Around 100 of its workers will lose their jobs in Aix-en-Provence.
The group has been in economic difficulties, with the bankruptcy of two of its subsidiaries Milee: [Milee 2024 - FR (https://apps.eurofound.europa.eu/restructuring-events/detail/201163), and 150 euros:150euros 2024 - FR. The latter was initially established to support the Group's and Milee's dire economic situation. Another subsidiary, Dispeo, is also facing challenges. Labor Minister Panosyan-Bouvet has criticised the Group's lack of professionalism in handling these issues.
Eurofound (2024), Hopps Group, Bankruptcy in France, factsheet number 201921, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201921.
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