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.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64.92 - Other credit granting
400 jobs Number of planned job losses
Announcement Date
13 September 2019
Employment effect (start)
Foreseen end date
Description
Pawnbroker Albemarle and Bond closed all 116 stores. According to reports, the business is still solvent, although it had apparently suffered from significant losses in recent times. The closure affects 400 employees, who have either been offered voluntary redundancy packages or have been told that their roles are subject to the consultation process. The speed of the decision has taken many industry commentators by surprise and has left many customers uncertain as to whether they will be able to retrieve their possessions.
Eurofound (2019), Albemarle and Bond, Closure in United Kingdom, factsheet number 98624, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/98624.
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