Type
Bankruptcy
Country
Netherlands
Region
Location of affected unit(s)
Sector
Retail
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Sale Of Other Goods In Specialised Stores
47.77 - Retail sale of watches and jewellery in specialised stores

170 jobs
Number of planned job losses
Job loss
Announcement Date
21 January 2014
Employment effect (start)
Foreseen end date

Description

On 21 January 2014 jewelery chain Siebel was declared bankrupt. All 36 shops were closed and 170 jobs will be lost, unless there is a takeover of all or part of the stores. The background is a dramatic loss of turnover due to customers spending far less than before the crisis.


Sources

  • 22 January 2014: NRC Handelsblad
  • 18 January 2014: De Volkskrant

Citation

Eurofound (2014), Siebel, Bankruptcy in Netherlands, factsheet number 76529, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76529.