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 47.71 - Retail sale of clothing in specialised stores
100 jobs Number of planned job losses
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 in 2017, 22 stores closed though 40 stores continued after the company was bought out of administration.
Eurofound (2019), Greenwoods, Bankruptcy in United Kingdom, factsheet number 96586, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/96586.
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