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 Goods In Specialised Stores 47.71 - Retail sale of clothing in specialised stores
140 jobs Number of planned job losses
Announcement Date
7 January 2010
Employment effect (start)
7 January 2010
Foreseen end date
Description
140 jobs to be lost as the owner of the discount fashion retailers Happit has been placed in administration. 60 jobs have already been lost as fourteen stores in Scotland have been closed and another 80 job losses have been announced as another 15 stores in England have been closed by administrators Begbies Traynor. Increased competition has been blamed. However, more than half the company's stores will remain open as attempts are made to find a buyer.
No details were given on numbers currently employed by the company or the date by which job losses are expected to be completed.
Sources
7 January 2010: BBC Website
Citation
Eurofound (2010), Happit, Internal restructuring in United Kingdom, factsheet number 70063, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70063.
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