EMCC European Monitoring Centre on Change

Merchant Retail

Company/Organisation:
Merchant Retail

Geographic Location

Country: United Kingdom
Region: Tyneside; Northumberland and Tyne and Wear; North East
Location of affected unit(s): Tynedale Park

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
47.75 - Retail sale of cosmetic and toilet articles in specialised stores
Number Employed: 613

Employment Effects

Announcement Date: 12-07-2004
Planned Job Reductions min: 170
Planned Job Reductions max: 170
Type of Restructuring: Bankruptcy/Closure

Additional Information

Merchant Retail, which generates most of its sales from the Perfume Shop, is to sell its Joplings store at Tynedale Park, Northumberland. At least 170 staff are expected to lose their jobs but the company said it hoped the remainder of its staff could be kept on by future buyers.