Type
Bankruptcy
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Wholesale / Retail
Retail trade
Retail sale of other goods, except motor vehicles and motorcycles
47.71 - Retail sale of clothing

100 jobs
Number of planned job losses
Job loss
Announcement Date
2 January 2019
Employment effect (start)
Foreseen end date

Description

Greenwoods Menswear has announced that it is to close after entering liquidation for the second time in two years. The closure is reported to have taken place with immediate effect; in addition to notices being placed on the stores advising of the closure, the company's website has also been taken down. Job losses are reportedly over 100. When the firm previously entered liquidation inĀ 2017, 22 stores closed though 40 stores continued after the company was bought out of administration.


Sources

Citation

Eurofound (2019), Greenwoods, Bankruptcy in United Kingdom, factsheet number 96586, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/96586.