An investor is in advanced talks to rescue Vernon Catering, a 65-year old Dublin-based fruit and vegetable wholesaler that is currently in examinership. Despite the uncertainty of Covid-19 causing some rival bidders to fall away, accountant Joe Walsh, who was appointed as examiner to the business 70 days ago, informed the High Court today that a “preferred investor” was in advanced talks in relation to Vernon.  Walsh said this unnamed investor was in final due diligence to invest in the business and that a draft agreement was being prepared. He said a second unnamed potential investor also remained interested in…

Join The Currency

INTRODUCTORY OFFER.

Sign up today: Full annual membership for just €200.

Don’t miss out on what is going on with our daily unique stories from our team of skilled journalists and insightful commentators.

Members of The Currency get full access to over 3,200 exclusive interviews, investigations, and analysis, plus over 220 podcasts.

Annual membership is just €200 for the first year, a saving of €100.

Or try The Currency for the first month for a special introductory rate of €5, a saving of €20.

Cancel at any time.

To become a member today click here.