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.
Wholesale / Retail Retail trade Retail sale of other goods, except motor vehicles and motorcycles 47.71 - Retail sale of clothing
200 jobs Number of planned job losses
Announcement Date
25 November 2013
Employment effect (start)
1 April 2014
Foreseen end date
Description
Danish retailer Coop, the new owner of the fashion retail brands Cottonfield and Jackpot, is to cut 200 jobs.
As reported, the company plans to close down its 30 shops and operate mainly in the Scandinavian countries. According to media reports, the closure will possibly take place in the first quarter of 2014 and will affect all employees working in the shops and the online retail services.
Cottonfield and Jackpot shops (previously owned by IC Companys) have been operating in Poland since 1991.
Sources
25 November 2013: Gazeta Wyborcza
25 November 2013: Onet.pl
Citation
Eurofound (2013), Cottonfield and Jackpot, Closure in Poland, factsheet number 76275, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76275.
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