Restructuring events
European Restructuring Monitor (ERM)
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.
Maxi Toys, a Belgian branch of the French King Jouet toy retailer group, has announced dismissals across its different stores in Belgium. The King Jouet group acquired a part of the Maxi Toys chain past summer. However, those stores that were not a part of the acquisition are now closing having declared bankruptcy, leading to a loss of around 108 jobs. In total, 26 stores are affected.
Eurofound (2020), Maxi Toys, Merger/Acquisition in Belgium, factsheet number 101900, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/101900.