Six months after stepping down as CEO of Providence Resources, Tony O’Reilly is back in the exploration game through dCarbonX. However, instead of looking for oil, he is now building a portfolio of subsurface assets through 'decarbonization exploration’.
In one of the few corporate transactions of the crisis, the Irish company Smoke & Fire Extract has sold its main product line to a listed Swedish company. Is this an outlier or are we set to see more deals close?
Its acquisition of Green Reit left UK fund with a tax bill, while the pandemic has hit plans to sell assets. Green’s founders, meanwhile, are preparing structures to access their cash.
In five days, William Despard’s 150-year old bakery business lost 7% of its customer base. In ten days, this became 70%. But he has now pivoted his Bretzel Bakery operation away from supplying restaurants and coffee shops to retailers.
One of the world’s leading manufacturers of electronic components has just invested another $1.5 billion in its Irish subsidiary and reported tax benefits dwarfing its actual profits for the second straight year. Could the two be related?
Gavin Duffy maintains that he is a firm capitalist, but that he also believes it is time to change the nature of the relationship between the economy and society. He also believes that crisis will accelerate that change, while also forcing business owners to question the role of many middle managers.
When US investment firm Marathon Asset Management swooped in on Irish property after the financial crisis, three Debenhams stores entered its portfolio. The landlord is now suing the retailer.
The Press Up group's Devlin Hotel is taking a case against RSA insurance over business interruption cover. With 46 outlets, Press Up is one of the biggest bar and hospitality groups in the country and more cases will follow.
The Kilkenny Group is expecting revenues to halve this year. But CEO Marian O’Gorman says the retailer is investing heavily in its online platform and is also ready to expand its bricks-and-mortar operation.
Peace talks are ongoing between financier David Grin and builder Paddy Byrne. The former is attempting to avoid litigation, and the latter wants to save his property company. Can they reach an accord over the future of Victoria Homes?
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