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
146 jobs Number of planned job losses
Announcement Date
17 September 2019
Employment effect (start)
Foreseen end date
31 October 2019
Description
Clothing retail company Cubus received a court authorisation to the liquidation through bankruptcy proceedings. The decision means that the company closes its 17 stores across the country, resulting in the dismissal of 146 employees by the end of October 2019. The company justifies the liquidation with poor levels of profitability for its activities in Poland.
The company is part of clothing group Varner, which owns 1,100 stores in Norway, Sweden, Finland, Germany and Latvia.
Eurofound (2019), Cubus, Bankruptcy in Poland, factsheet number 98684, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/98684.
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