EMCC European Monitoring Centre on Change

Maxi Toys

Company/Organisation:
Maxi Toys

Geographic Location

Country: Belgium

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
47.65 - Retail sale of games and toys in specialised stores
Number Employed: 108
Group: King Jouet

Employment Effects

Announcement Date: 23-09-2020
Planned Job Reductions min: 108
Type of Restructuring: Merger/Acquisition

Additional Information

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. 

Sources: