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 Via Stalls And Markets Or Other 47.91 - Retail sale via mail order houses or via Internet
130 jobs Number of planned job losses
Announcement Date
1 June 2017
Employment effect (start)
5 June 2017
Foreseen end date
9 June 2017
Description
The Commercial court of Paris has decided the liquidation of the online men clothing retailer, Meninvest, leading to the dismissal of all the130 employees. The group was placed in receivership in March, and failed to find a takeover candidate. The companies obtained €33 million to develop its activities and to buy to online retailers: the British Oki-Niki in 2013 and the German FrontlineShop in 2015. But it seems that the company was unable to face its last acquisition, Allemand FrontlineShop, even if its turnover has been increased of 50% in 2016.
Sources
1 June 2017: Maddyness
Citation
Eurofound (2017), Meninvest, Bankruptcy in France, factsheet number 91086, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91086.
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