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.
Supermarket group Asda is to open at least 25 stores in 2006 , creating 7,000 jobs, in an expansion aimed at returning it to growth after market share slid from 17% to 16.4% in 2005. The stores will include supermarkets, small neighbourhood shops and non-food stores. News of Asda's plans came as parent company Wal-Mart reported a 13% jump in fourth-quarter sales but fell short of targets with its current year estimates. Good Christmas sales helped push fourth-quarter net income to $3.59bn (£2.06bn) or 86 cents a share, but its current full-year forecast of $2.95 a share disappointed analysts.
Eurofound (2006), Asda, Business expansion in United Kingdom, factsheet number 62971, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/62971.