“Insolvent on a balance sheet basis”: New reports shed light on why Musgrave sought bankruptcy protection for one of its franchisees
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.
As Bombay Pantry scraps for its survival, what does the future hold for Ireland’s embattled restaurant sector?
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 backers braced for heavy write-downs as the award-winning company seeks to restructure
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.
“There will be a lot of closures, and when that happens people will get hurt”
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.