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
455 jobs Number of planned job losses
Announcement Date
21 July 2011
Employment effect (start)
Foreseen end date
Description
Life & Style has gone into administration and it is closing 34 of it 150 stores making a total of 455 employees redundant. In June the company announced the closure of 22 stores making 274 staff redundant and a month later announced the closure of a further 12 stores which resulted in the loss of 181 more jobs. The latest shops being closed are located in Belfast, Great Yarmouth, Orpington, Bangor, Watford, Livingstone, Leven, Gravesend, Fort William, Ashington, Reading and Johnstone.
Sources
21 July 2011: Retail Week
21 June 2011: Retail Week
Citation
Eurofound (2011), Life & Style, Bankruptcy in United Kingdom, factsheet number 72509, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72509.
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