Type
Internal restructuring
Country
France
Region
Location of affected unit(s)
Corse, Normandie
Sector
Wholesale / Retail
Wholesale trade
Wholesale of household goods
46.43 - Wholesale of electrical household appliances

150 jobs
Number of planned job losses
Job loss
Announcement Date
27 June 2025
Employment effect (start)
30 June 2024
Foreseen end date
1 September 2025

Description

The French company Ubaldi, based in Nice and specialising in retail, e-commerce, and more specifically, home equipment, has announced its exit from the safeguard procedure it had requested in June 2024.

By validating this exit, the Nice Commercial Court paved the way for a major restructuring of the group. The company, which had previously expanded into Normandy and Corsica, has decided to refocus its activities on the Côte d'Azur, resulting in the elimination of 150 jobs and a reduction in its workforce from 400 to 250.

The company currently runs 22 points of sale and generates a turnover of nearly €200 million.


Sources

Citation

Eurofound (2025), Ubaldi, Internal restructuring in France, factsheet number 203013, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/203013.