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.
In the former Enny factory in Cerreto Guidi in the metropolitan area of Florence, the luxury fashion brand Balenciaga - part of the French group Kering - will open a large leather workshop employing 300 workers in 2021.
The workshop will produce Balenciaga bags and will be located in a renovated building previously used as a leather shop. It will also host a training centre.
The news was welcomed with great satisfaction by the major of Cerreto Guidi.
Eurofound (2020), Balenciaga, Business expansion in Italy, factsheet number 102405, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/102405.