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 47.72 - Retail sale of footwear and leather goods in specialised stores
350 jobs Number of planned job losses
Announcement Date
16 May 2018
Employment effect (start)
Foreseen end date
Description
Retailer of bags and luggage, Bags Etc, has entered liquidation with the result that all 350 jobs have been lost with immediate effect. The business, which was headquartered in Harlow, also traded as Domo operated across 58 sites. A spokesperson for the liquidators confirmed that the staff had been made redundant and commented that the location of some of the stores in suburban shopping outlets coupled with the move towards more internet based shopping had largely been responsible for the demise of the business.
Sources
22 May 2018: Manchester Evening News
16 May 2018: Retail Gazette
Citation
Eurofound (2018), Bags Etc, Bankruptcy in United Kingdom, factsheet number 94303, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/94303.
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