Long-suffering fashion brand New Look is to close in Ireland. The removal of financial support from its UK parent was the final blow in a long story of decline.
Two months after the French-style bistro went bust, Revenue has moved against another group entity over debt. The company Taurus Management Consultancy Ltd used to operate The Grand Social before the venue was sold.
Warehoused debt, rising costs and the withdrawal of pandemic supports all contributed to the end of a well-loved Dublin establishment. Now a new venture is eyeing up the city-centre lease.
Ken Tyrrell, a restructuring and insolvency specialist with the accountancy firm PwC, believes that the number of insolvencies will top 1,000 this year. But even that will be well below the 20-year average.
Colm Wu ran several hospitality venues in Dublin. However, liquidators of various companies connected to him sought freezing orders after a detailed trawl of company documents.
The Bray-based engineering firm was hoping that €47 million worth of contracts would be awarded in early January and save the company from liquidation. They haven't been and so its fate will be decided later this month.
The High Court has granted the Bray-based engineering firm a "tight" examinership. The company is betting on winning a €47m contract and securing outside investment in its attempt to avoid liquidation.
The receiver of 2 Dublin Landings has put it on the market at a fraction of its purchase price following lengthy lease renegotiations.
Frank Carroll had successfully navigated the shift to outsourced manufacturing, learning to speak Chinese in the process. When the pandemic and inflation upended its supply chain, it was too much for Alfrank Designs – but it can still rebound.
Confirming the examinership of the Dublin marble table maker, a court heard of positive engagement with creditors and a reasonable prospect of survival with new investment.
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