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.
Leurs, Paimpol, Bédarieux, Carentan, La Ferté-Berrd, other locations
Sector
Wholesale / Retail Retail trade Retail sale of other goods, except motor vehicles and motorcycles 47.71 - Retail sale of clothing
235 jobs Number of planned job losses
Announcement Date
10 April 2019
Employment effect (start)
11 April 2019
Foreseen end date
30 April 2019
Description
On 2 April, the Commercial Court of Bobigny decided to liquidate the Newco clothing brand. This chain of 58 stores employed 230 people. They are therefore dismissed from 11 April, because the company has not found a buyer. Newco was founded in 2016, after the acquisition of part of the Styleco brand then in receivership, by the Franco-Chinese holding company HK Group. A company chaired by Thierry Dai, who is at the head of another French fashion chain close to closing, Défi Mode, where 220 will be dismissed.
Eurofound (2019), Newco , Bankruptcy in France, factsheet number 97629, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/97629.
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