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 Food, Beverages And Tobacco In Specialised Stores 47.2 - Retail sale of food, beverages and tobacco in specialised stores
650 jobs Number of planned job losses
Announcement Date
6 January 2010
Employment effect (start)
Foreseen end date
Description
Vitalis, Germany's largest chain of health food stores employing 650 people, filed for insolvency in October 2009 after several months of dispute between the owner and the new financial investor. The liquidator who started the insolvency procedure on 1 January 2010 is optimistic that a new investor will be found by February. However, the insolvency of the Munich-based company affects 113 stores and a staff of 650. Since October, 17 store have been closed.
Sources
6 January 2010: Handelsblatt
Citation
Eurofound (2010), Vitalis, Bankruptcy in Germany, factsheet number 70056, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70056.
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