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?
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.
“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.
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.
Interim Examiner appointed to insolvent Maximum Media in Ireland following court move by Beach Point Capital
KPMG has been appointed as interim examiner to the Niall McGarry-founded business following a move by the debt financier Beach Point. The examiner now has 100 days to save the publisher behind Joe.ie and Sportsjoe.ie.