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 In Non-Specialised Stores 47.1 - Retail sale in non-specialised stores
107 jobs Number of planned job losses
Announcement Date
24 April 2007
Employment effect (start)
28 April 2007
Foreseen end date
Description
Aberdeen department store Esslemont and Macintosh is set to close with the loss of 107 jobs. The move follows the store's parent company, Owen Owen, going into receivership in March. That heralded a sell-off of stock, which was now said to be so low it was unsustainable to keep the store open. Efforts to find a buyer have failed. Unless one is found by the end of next week, the store will close on 28 April 2007.
Sources
24 April 2007: BBC News
Citation
Eurofound (2007), Esslemont and Macintosh, Closure in United Kingdom, factsheet number 65287, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65287.
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