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.
Information / Communication Publishing Of Information; Production And Programming Of Audiovisual Publishing Activities 58.13 - Publishing Of Newspapers
145 jobs Number of planned job losses
Announcement Date
1 September 2024
Employment effect (start)
26 October 2024
Foreseen end date
Description
150euros, a magazine and subsidiary of the Hopps Group, is shutting down, resulting in the loss of 145 jobs. The company was founded in April 2024 with the aim of helping to alleviate the financial struggles of the Hopps Group and Milee.
However, both Milee and the Hopps Group have since been liquidated: Milee 2024 - FR and Hopps group 2024 - FR. Another subsidiary, Dispeo, is also facing financial difficulties, with several of his site shutting down. Despite its intended purpose, 150euros was unable to make a substantial impact on the Group's economic challenges and could not sustain its operations.
Eurofound (2024), 150euros, Bankruptcy in France, factsheet number 201922, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201922.
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