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Full coverage: Insolvency

Chairman of Broderick’s steps down as bidder circles food business

Experienced businessman Peter O’Donoghue steps down from Dublin confectionery maker to avoid a conflict of interest. It marks the latest twist in Broderick’s saga.

Tom Lyons
5th Feb, 2021 - 2 min read

Settlement reached over Tidey asset transfers

Assets including a high-profile property in south Co Dublin were at the centre of a multi-million legal battle between the state's bankruptcy trustee and businessman Alistair Tidey – until the dispute was settled out of court.

Tom Lyons
25th Jan, 2021 - 2 min read

Dividends, debt and DunPort: The €14m deal to save the Cara Pharmacy Group from insolvency

Patrick McCormack, the former boss of the McCauley pharmacy chain, is leading the consortium to buy Ramona Nicholas’s Cara chain from insolvency. Here, we reveal how much money is being invested, how much is being written down and the future plans for the chain.

Tom Lyons
8th Dec, 2020 - 3 min read

Dragon is out as former McCauley boss moves to take over Cara pharmacies

In September, Ramona McNicholas’s chain of chemists went into examinership as creditors bayed for €3.7 million. Now another pharmacist turned businessman is getting ready to take her place.

Thomas Hubert
4th Dec, 2020 - 2 min read

Uncharted waters: Broderick’s contentious examinership battle nears the finish line

A minority family shareholder was accused in the High Court of going on a “wrecking mission” as Broderick's main stakeholder positioned itself as a steady hand on the tiller.

Francesca Comyn
26th Nov, 2020 - 6 min read

A bitter pill: Behind the scenes at the embattled Cara Pharmacy Group

Ramona Nicholas and her husband Canice wanted to build an international chain of 100 pharmacies. Instead, confidential documents reveal the true scale of the company’s financial woes, including a history of losses, debt, and creditor default. Can it now be saved?

I. Kehoe and T. Hubert
8th Sep, 2020 - 12 min read

Desmond takes a grip on touch-screen tech firm by appointing a receiver

Rapt Touch hoped to crack the multi-billion-euro touch-screen technology market but found things hard-going. Its biggest backer, Dermot Desmond, has now appointed a receiver to two firms behind it.

Tom Lyons
28th Aug, 2020 - 3 min read

30 years on from Goodman’s collapse, examinership has stood the test of time

Three decades ago this week, the Oireachtas rushed through emergency legislation to save Larry Goodman’s beef processing empire, triggering Ireland’s first-ever examinership. A lawyer who was in the room looks back on the process that kept the Goodman Group afloat – and many businesses since.

Willie Day
28th Aug, 2020 - 5 min read

“You can’t put an entire economy into hibernation for a sustained period and not expect a huge fallout”

Former Arthur Cox boss Eugene McCague was a top corporate insolvency lawyer during the recession of the 1980s and the financial crash a decade ago. He believes the current crisis will leave deep scars, particularly in retail, hospitality, and travel.

Ian Kehoe
24th Aug, 2020 - 6 min read

With their business left nursing debts of €4.1m, the owners of House of Ireland thanked their staff and expressed regret

A series of companies connected with the retail were liquidated today, with its owner pointing to the pandemic and the collapse in future tourism. Most of the money is due to the family behind the business.

Ian Kehoe
20th Jul, 2020 - 1 min read
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