Type
Bankruptcy
Country
Spain
Region
Location of affected unit(s)
Sector
(46 - 47) Wholesale / Retail
47 - Retail trade
47.5 - Retail sale of other household equipment
47.54 - Retail sale of electrical household appliances

90 jobs
Number of planned job losses
Job loss
Announcement Date
21 September 2014
Employment effect (start)
Foreseen end date

Description

Swiss investment fund Springwater Capital has acquired Electrodomésticos Miró, an electrical household appliances retailer. The acquisition will suppose the dismissal of 90 employees (16% of its entire workforce).

Electrodomésticos Miró was declared in bankruptcy in March 2014. Springwater Capital will pay € 3 million for the company’s assets. The acquisition will allow to save 67 outlets and 476 jobs. 


Sources

  • 21 September 2014: El País

Citation

Eurofound (2014), Electrodomésticos Miró, Bankruptcy in Spain, factsheet number 77580, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/77580.