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 Cultural And Recreation Goods In Specialised Stores 47.6 - Retail sale of cultural and recreation goods in specialised stores
580 jobs Number of planned job losses
Announcement Date
27 January 2016
Employment effect (start)
27 January 2016
Foreseen end date
Description
Entertainment rental and retail company Xtra Vision has closed its stores with a provisional liquidator being appointed. The company employs 580 people in Ireland. All employment will be terminated but some staff may be able to transfer to other companies operated by parent company Hilco (such as HMV).
Xtra Vision has 72 stores left in the country. Hilco said Xtra-vision’s turnover in 2015 declined “very significantly and very suddenly” which led to it seeking formal wind up of the company at the courts.
Sources
28 January 2016: The Irish Times
27 January 2016: Irish Independent
Citation
Eurofound (2016), Xtra Vision, Bankruptcy in Ireland, factsheet number 86287, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86287.
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