Having transferred €1.6 billion in intellectual property to Dublin on the day before a tax deadline, the loss-making Silicon Valley firm has been banking Irish tax credits against future profits.
Instead of raising more funds, Content Llama is set to close down by the end of this year. The technology provider to outdoor retailers failed to "turn the ship", its co-founder and chief executive Karina Kelly told investors.
The liquidator did not give any details of the settlement which will be used for a so-called ‘fighting fund’ to try and regain some of the €42m investors put in MUT 103 Ltd.
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?
When demand for rapid medical tests exploded during the pandemic, the US pharma giant routed this business through Ireland and Malta to achieve a four per cent tax rate. This expanded into a multi-billion-euro business last year.
The cost of Russian sanctions is spelled out in SMBC's indemnity claim against its insurers. The case, one of several before the Commercial Court, was described as "extremely complex in fact and in law".
John Redmond was previously the creative director of the Brown Thomas Arnotts group while Karen Higgins was its head of buying. Now the married couple are launching a new online retail business. They talk sustainability, strategy, and style.
Musgrave, which has built its family fortress as a wholesale grocer, is buying the retail and property business of one of the leading franchisees in its network. What prompted the move?
Having charted Quinn’s demise for more than a decade now, it was impossible not to be impressed by the scenes where Quinn walked around a region that he shaped and helped build. But it was equally hard not to be shocked at his sense of victimhood.
Like the gambling addict he surely was, Sean Quinn kept going as the Anglo share price dipped, he doubled down, chasing his losses, and eventually lost everything. Compulsive gamblers often bet on pursuits they know nothing about.
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