Many hotels, restaurants and pubs are shutting down, but just as many are changing hands or refinancing – and some are expanding. Volatility is causing merciless change across the industry.
A German lender has appointed Deloitte as receiver to a high-profile building in the north docks. This is the second time it has called in receivers in five months against Korean investors in the city.
Concerns about dividend payments were raised by a counter party working with Glenbeigh on the construction of 107 apartments in Dundrum in south Dublin.
Thousands of business owners breathed a sigh of relief when the Government eased the repayment terms for €1.72bn in tax liabilities parked since the pandemic but the “cheapest finance” scheme has multiple costs, too.
The six pubs in Dublin and Galway including popular venues like Against the Grain, the Black Sheep and the Salt House. The group has a reasonable prospect of survival if it can be restructured.
Irish headquartered Endo is seeking approval for a twin track US-Irish insolvency package. Globally, the group has been subject to thousands of lawsuits over opioid and mesh products, including proceedings in Ireland.
Bio-Marine Ingredients has been hit by rising energy and others costs. Facing a €42m deficit, its process advisor wants to lift certain charges on its assets in order to bring in a new investor.
An interim examiners' report into a pub owned by businessman Colm Wu found "serious issues" with the business including issues around corporate governance, but it sees the firm as having a reasonable prospect of survival.
Once backed by savvy investors, Scrumdiddly’s has entered the Scarp insolvency process after a rainy summer added to mounting debt pressure.
According to Revenue, persons in control of Phoenix-type businesses may take steps to conceal these criteria. Now the tax authority claims that this is the case in relation to a Wexford logistics business.
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