The Foxhunter is the latest tenant of a property placed in receivership by Paddy McKillen Jr’s property lenders to face its own insolvency proceedings.
Marshalling an army of relatives and staff, the Dublin publican is never finished re-inventing a generations-old business.
Back in 2022, Paddy McKillen Jr controlled interests across property, hospitality and serviced offices. As loans are called in, cross-guarantees given at the time are now biting.
A company called Orsay Ltd says it agreed a sale with the receivers of Paddy McKillen Jr's pub in Clonskeagh but receivers terminated the deal because of an alleged breached confidentiality clause.
It’s a big mixed bag this year. The hospitality sector got its much anticipated Vat cut and R&D tax credits were expanded. Film and games will be happy but start-ups are left feeling cold.
Creditors agreed to the wind-up of the companies, which owe millions of euro. Meanwhile, a separate row between McKillen Jr and his property lender Relm is escalating in the High Court.
The Market Bar Group which owns multiple venues in the Fade Street area of Dublin 2 has appointed estate agents to find a buyer. The combined venues can hold almost 900 people.
The company behind Flanagan's Restaurant and Bar on O'Connell Street and Dublin construction firm JV Ledwith are the newest entrants into the scheme that aims to help small businesses avoid collapse.
Company filings value the US construction magnate’s commercial and property interests at close to €135m, with a new lending vehicle set-up and a €100m biomass energy project in Co Meath in the pipeline.
The challenge of finding accommodation for staff is evolving from a major concern expressed in anonymised business surveys into a toxic mix of unhealthy attitudes and practices.
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