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 Other Household Equipment In Specialised Stores 47.51 - Retail sale of textiles in specialised stores
100 jobs Number of planned job losses
Announcement Date
27 March 2017
Employment effect (start)
28 March 2017
Foreseen end date
29 March 2017
Description
The Parisian brand Eleven Paris has been put under liquidation on 27 March by the Commercial court of Paris. This decision leads to the dismissal of over a hundred of employees from the headquarter in Paris and of its different outlets in France. The company was placed in receivership in December 2016. The group failed after receiving complains after using the image and name of artists as Rihanna, Beyoncé, Kanye West, Jay-Z and Pharell Williams. If an agreement was to be found, the financial situation was too compromised to pursue its development.
Sources
7 April 2017: Fashion Network
Citation
Eurofound (2017), Eleven Paris, Bankruptcy in France, factsheet number 90775, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90775.
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