Type
Bankruptcy
Country
France
Region
Méditerranée; Languedoc-Roussillon; Hérault
Location of affected unit(s)
Montpellier + all units
Sector
Retail
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Sale Of Other Goods In Specialised Stores
47.75 - Retail sale of cosmetic and toilet articles in specialised stores

510 jobs
Number of planned job losses
Job loss
Announcement Date
15 September 2010
Employment effect (start)
15 September 2010
Foreseen end date

Description

Lexel, the cosmetic group specialising in home sales, was declared bankrupt in July by the Commercial Court of Montpellier, which lead to a social plan for 500 redundancies. New investors took over the company on 10th September and have decided to make a further 10 posts redundant in order to preserve the remaining 190 jobs.


Sources

Citation

Eurofound (2010), Lexel, Bankruptcy in France, factsheet number 70961, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70961.