redundancies news and archive

Spanish brand Munich refinances over 18 million euros of debt

Madrid – Munich, the iconic Barcelona-based footwear brand owned by the Berneda family, appears to have found some initial relief from its difficult financial situation. The company has successfully reached an agreement with its financial creditors. It has reportedly agreed on a new payment schedule for a debt of just over 18 million euros...

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New Look head office staff face new redundancies

New Look employees are facing redundancy once more, as the retailer continues to restructure as an omnichannel and digital first business. This time it is the retailer's head office roles which have come under scrutiny. Over the past few years New Look has reduced its real estate portfolio by almost 50 percent, from 800 stores to just over 400...

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Pandora announces strategic reorganisation and redundancies

Jewellery brand Pandora has confirmed that it is pushing forward with its rebrand with a new strategic reorganisation geared at establishing a consumer-focused business with what it is calling a “strengthened leadership” team in order to support its future growth ambitions. Announced as the “next important step” of its Programme Now initiative,...