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 Goods In Specialised Stores 47.78 - Other retail sale of new goods in specialised stores
400 jobs Number of planned job losses
Announcement Date
22 January 2018
Employment effect (start)
Foreseen end date
Description
The Dutch retailer of mainly electronic appliances, owned by Swedish investor The One, has been declared bankrupt, leading to the loss of 400 jobs in shops all over the Netherlands. It is said Kijkshop held on too long to an outdated retail format, in which products were showcased in glass cases in the store. A switch to multi-modal retail (i.e. including online presence) was started too late. Even the closure of nearly thirty stores in recent years was not enough to keep the company afloat. Parties are still being sought to take over what is left in terms of stores and merchandise, as well as some of the employees, but as of 22 February 2018 no deals have been made.
Sources
22 January 2018: volkskrant.nl
22 January 2018: Nos.nl
28 January 2018: rtlz.nl
Citation
Eurofound (2018), Kijkshop, Bankruptcy in Netherlands, factsheet number 93410, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/93410.
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