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.
Entertainment rental and retail company Xtra Vision has closed its stores with a provisional liquidator being appointed. The company employs 580 people in Ireland. All employment will be terminated but some staff may be able to transfer to other companies operated by parent company Hilco (such as HMV).
Xtra Vision has 72 stores left in the country. Hilco said Xtra-vision’s turnover in 2015 declined “very significantly and very suddenly” which led to it seeking formal wind up of the company at the courts.
Eurofound (2016), Xtra Vision, Bankruptcy in Ireland, factsheet number 86287, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86287.