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Saturday 24 October 2020
An estimated 20,000 more people have links to the firm’s supply chain.
A demonstration in planned in support of the families this afternoon.
Excol Oil Limited has gone into receivership, with the immediate closure of all its interests.
The appointment of an examiner to Druids Glen has been opposed.
Camelot has seen a surge in the number of receivership properties over the past couple of months.
The company employs 340 people.
Tenants have to pay rent to the receiver – but the receiver doesn’t have to carry out repairs or maintain standards.
People Before Profit TD Richard Boyd Barrett said that tenants have “absolutely no recourse” if their landlord becomes insolvent.
Stephen Donnelly wants to amend the Companies Act to facilitate an easier examinership process.
The sports stars have set their sights on purchasing the Thurles hotel that went into receivership last year.
Grant Thornton have been appointed as receivers in an agreement that includes the shopping centre, car park, and a number of apartments.
Following the fashion chain entering receivership, stores in Blanchardstown, Dundrum, Grafton Street and Sligo are still trading.
The company says it has failed to meet sales targets since going into examinership last month.
There’s a crisis in the buy-to-let sector due to landlords falling into mortgage arrears and innocent tenants are getting caught in the chaos. Receivers have to realise people renting properties are not commodities, writes Bod Jordan.
There will also be 11 store closures in Northern Ireland, with a further 58 job losses.
Here are the things we learned, loved and shared today.
5 minutes, 5 stories, 5 o’clock…
Over 1,000 jobs are at risk as a result of the news today, two years to the day since an examiner was appointed which resulted in some 20 stores closing.
Here are the things we learned, loved and shared today…
NAMA has installed receivers from Grant Thornton accountants to run some companies controlled by businessman Harry Crosbie.
Things we learned, loved and shared today…
Bill Cullen and Jackie Lavin have said that they are “devastated” following the decision to reappoint a receiver to the Muckross Park Hotel in Killarney, Co Kerry.
The ‘Sunday Business Post’ will ask the High Court to appoint an examiner as the previous parent company enters receivership.
The receiver to HMV Ireland says each of the 16 Irish stores was loss-making and that it was not possible to find a buyer.
The well-known pub in south Dublin had receivers appointed to it yesterday.
Staff took over the @HMVtweets account – which had been dormant for weeks – to reveal significant layoffs.
HMV has gone into receivership, and its future hangs in the balance – what impact could this have on Irish bands and music distribution companies?
While Hilco said that it believed “there to be a viable underlying HMV business”, it remains unclear what impact this will have on HMV Ireland.
A spokesperson from Deloitte has confirmed that there are currently no plans to do similar in Ireland.
There are now sit-ins taking place at four HMV stores across the country as staff demand to be paid wages they say they are owed from the troubled music retailer.
Staff at two stores in Limerick are currently staging a sit-in over uncertainty about payment of their wages this month.
The staff are currently in negotiations with representatives from Deloitte Ireland, the company which was earlier named as the receiver to HMV Ireland.
Here are the things we learned, loved and shared today.
The move had been expected and puts the company’s 16 stories in Ireland and around 300 jobs in serious doubt.
Businesses have always failed – recession or otherwise – but what happens when they do, and what are the different options that are available to them.
The company operated Cullen’s last two Renault dealerships and is believed to owe him €19.5 million.
Residents of The Laurels in Dundrum had to move out in July due to fire safety concerns.
However, 55 per cent of the 11,156 companies surveyed by Vision-net last month were deemed as being at high risk of collapse.
The number of corporate insolvencies last month marked an increase of almost 40 per cent on the same period last year.
Her building crumbling and in legal limbo, Alsa Campbell writes about how tenants are finding themselves at the sharp end of landlords’ financial troubles.
WE’RE JUST OVER 10 days out from what has been called one of the most important US presidential elections ever.
The United States will vote on 3 November on whether to back four more years of a Donald Trump presidency or opt for Democratic nominee Joe Biden.
TheJournal.ie will have you covered on the night itself and throughout the following day as results pour in.
Today, we want to know: Will you stay up to watch the US election?
Poll Results:
Share your story: voices@thejournal.ie
Cloudy and windy with a little rain
Max: 12 °C
Min: 6 °C
Mainly cloudy, showers around; breezy
Max: 11 °C
Min: 7 °C
Partly sunny, showers around; breezy
Max: 12 °C
Min: 6 °C
