Restructuring events
European Restructuring Monitor (ERM)
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.
The network of dry cleaner Sequoia Pressing aims to open 50 new stores in the newt three years and to recruit 50 employees per year within this period, so that the total of job creation will reach 150 by 2020. The concept of this new brand (with franchise outside the Parisian region) is to propose to customers environmentally friendly services based on a US technology, the "GreenEarth Cleaning process" that uses liquid silicone in place of petrochemicals. Essentially liquefied sand, silicone is non-hazardous and non-toxic to the environment.
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Eurofound (2017), Sequoia Pressing, Business expansion in France, factsheet number 90286, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90286.