Type
Bankruptcy
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Wholesale / Retail
Retail trade
Retail sale of other goods, except motor vehicles and motorcycles
47.71 - Retail sale of clothing

850 jobs
Number of planned job losses
Job loss
Announcement Date
5 January 2009
Employment effect (start)
5 January 2009
Foreseen end date
5 January 2009

Description

Adams, a retailer, has cut 850 jobs with immediate effect as it has closed 111 of its 271 stores. The childrenswear specialist, which went into administration at the turn of the year, has been affected by reduced consumer spending. The company, which employed 2,350 people at its stores, is attempting to find a buyer for the remaining stores.


Sources

  • 5 January 2009: The Guardian
  • 5 January 2009: BBC News

Citation

Eurofound (2009), Adams, Bankruptcy in United Kingdom, factsheet number 67776, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67776.