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.
On 17 October 2014, Holy Fashion Group announced to cease business operations at its Bielefeld location as of mid-2015. The closure will affect 150 employees in administration, logistics and development of the brands Joop! and Windsor. In the future, activities shall be brought together under one roof at the headquarters in Kreuzlingen (Switzerland). Management and works council are to negotiate a social plan over the following months.
According to the CEO, it is no longer sustainable to split the company's activities in two locations. An outlet store with 50 employees will however remain in Bielefeld.
Holy Fashion Group is a Swiss clothing producer who supplies fashion of the brands Joop!, Windsor and Strellson. The company employs around 800 people in total.
Eurofound (2014), Holy Fashion Group, Closure in Germany, factsheet number 77732, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/77732.