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
165 - 180 jobs Number of planned job losses
Announcement Date
14 January 2025
Employment effect (start)
Foreseen end date
Description
Home & Cottage, a Norwegian furniture and interior retail chain, has filed for bankruptcy. Around 165 employees will be affected as the retailer closes its 14 stores. The comany completed a reconstruction in June 2024, which entailed raising new equity, creditors losses, the closure of several stores and its central warehouse. This restructuring ultimately proved insufficient to save the company, which has since struggled with delays in restocking inventory, as well as increased freight costs and unfavorable exchange rates.
Founded 15 years ago, Home & Cottage expanded to become a notable retail chain in Norway, but struggled with profitability, reporting losses in all but three years of its operation, with accumulated losses totalling more than 200 million NOK.
Eurofound (2025), Home & Cottage, Bankruptcy in Norway, factsheet number 202185, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/202185.
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