Fashion Group FNG, which owns retail brands Brantano and Miss Etam amongst others, is protected against its creditors for three months. This was decided by court after examining the retailer’s reorganisation application for a week.
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Morrisons announces a major restructuring in which 3,000 management jobs will disappear. At the same time, the British supermarket chain wants to create 7,000 new jobs "on the shop floor".
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French baby store chain Orchestra-Prémaman is taking drastic measures in Belgium: it has announced 22 store closures, to come on top of the 12 already planned. As a result, the chain will keep only 19 stores and 200 jobs.
The new year brings a new start for German fashion manufacturer Gerry Weber, which has been struggling with financial problems for some time.
The approval of 1.6 million euros in European aid for Walloon workers Carrefour made redundant has come to a standstill: too few member states want to support the proposal.
Dutch supermarket chain Albert Heijn wants to simplify its organisation and cuts 150 managers' posts. They are redirected to other jobs in the company, that emphasises it does not want to lay off anyone.
Due to continuous problems with Matratzen Concord, Dutch bed selling chain Beter Bed is looking into a sale of its German branch.
German Ceconomy, the holding that includes MediaMarkt and Saturn, has had a tough quarter due to negative currency and calendar effects. Still, the company reaffirms its prospects for the rest of the year.
Galeria Kaufhof Karstadt CEO Stephan Fanderl has announced that measures will be taken to turn the tide at the Dutch branch of the Hudson's Bay chain.
The Auchan group is going through tough times: the French distribution giant was forced to admit to a loss of 1.1 billion euros in early March. A major reorganisation is about to begin.
After reporting a net loss of 1.145 billion euros in 2018, French retail group Auchan has now announced a cost cutting plan for its hypermarkets, including major restructurings.
French electronics and books chain Fnac has announced a restructuring in Belgium that will cost 57 people their job (12 % of the work force), as turnover continues to slide.
American shoe giant Payless has announced a major reorganisation: all 2,500 stores in the United States and Canada will be closed. Outlets in other countries will remain open.
French supermarket group Casino continues to sell its stores: the company has sold 33 supermarkets to Lidl and one Geant hypermarket to rival E.Leclerc.
Food giant PepsiCo has launched a new restructuring plan: the company will be closing factories and save on employee costs to reinforce its decreasing profitability.
British fashion chain New Look is going through a difficult time: after closing its 130 stores in China, now its stores in Belgium, France and Portugal may follow suit.