Restructuring events
European Restructuring Monitor (ERM)
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.
The French company Ubaldi, based in Nice and specialising in retail, e-commerce, and more specifically, home equipment, has announced its exit from the safeguard procedure it had requested in June 2024.
By validating this exit, the Nice Commercial Court paved the way for a major restructuring of the group. The company, which had previously expanded into Normandy and Corsica, has decided to refocus its activities on the Côte d'Azur, resulting in the elimination of 150 jobs and a reduction in its workforce from 400 to 250.
The company currently runs 22 points of sale and generates a turnover of nearly €200 million.
Eurofound (2025), Ubaldi, Internal restructuring in France, factsheet number 203013, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203013.