A little over a year after it was first introduced Scarp, the examinership-lite process, has proved a successful lifeline for Irish firms in financial distress. The next twelve months are likely to see a further uptick in its uptake.
A group of investors that includes Eddie Jordan, Elkstone, Princeton and others has edged ahead for the insolvent Cork AI firm. But staff are objecting to the deal.
A company controlled by the Cork retail group sought a creditor-led examinership of Lanney’s SuperValu in Ardee earlier this month. Two reports from Deloitte reveal why Musgrave felt the need to petition the court.
The buyer of loans owed by the Cork artificial intelligence start-up in receivership has a long history with the company. The move comes as bidders express interest in acquiring the business.
Bombay Pantry, the Indian takeaway food chain that operates six outlets across Dublin and Wicklow, has now sought bankruptcy protection from its creditors, a further sign of the growing strain on the sector. What do insolvency experts say about the future of restaurants?
Theya Lingerie was founded by Ciara Donlon to provide women with post-surgery underwear. Selling across Europe and the US, it has now run out of road and its rescue plan through Scarp could lead to a sale.
Entertainment industry investor Mike Ormonde has moved to appoint a process advisor to the parent company of Packed House, which runs several advertising websites. He explains why.
Just a few months after lending debt finance to Altada, a group of Irish investors have appointed a receiver to the firm. How its founders will respond remains unclear.
Damien Grey, the chef-owner of two-star Michelin restaurant Liath, is first and foremost a businessperson. He spoke to The Currency about his obsession with numbers, the storm facing his sector, and having integrity above all else.
In picturesque Waterville, a long-favoured holiday spot for golfers, one historic hotel fell behind the times. Its fate has now been decided in the High Court between a London businessman and a Kerry local.
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