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.
Italy, Sweden, UK, Poland, Spain, Switzerland, Belgium, Peru, Chile, France
Sector
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Trade, Except Of Motor Vehicles And Motorcycles 47 - Retail trade, except of motor vehicles and motorcycles
750 jobs Number of planned job losses
Announcement Date
28 October 2011
Employment effect (start)
1 November 2011
Foreseen end date
30 November 2011
Description
On 28 October 2011, the Commercial court of Beauvais (France) announced the take-over of Anovo (4,400 employees worldwide), a company specialized in the repair and recycling of electronic equipment, by the investment fund Butler Capital.
Butler Capital has announced that it will take over all the sites in France and all the subsidiaries of other countries (UK, Poland, Spain, Switzerland, Belgium, Peru, Chile) except the subsidiaries in Italy and Sweden. In the process, the whole workforce will decrease from 5,150 to 4,400. The new owner will dismiss 750 employees within the group, including 392 in France.
Eurofound (2011), Anovo, Merger/Acquisition in World, factsheet number 72692, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72692.
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