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Thursday 8 December 2016

January closures, buyouts, receiverships and liquidations

Published 30/01/2011 | 05:00

• Zhivago chain of music stores in Galway in voluntary liquidation. They blame the growth of on-line music sales. In all, 15 jobs will go.

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• Celtic Bookmakers, headed up by former FG Minister Ivan Yates, gone into receivership. 17 Celtic shops bought by Boylesports yesterday.

• Champion Sports sold to Britain's listed retailer JD Sports. Anglo Irish Bank will get €17.1m in cash as settlement for €30m-plus of debt provided at the time of the buyout in 2006. Some 600 jobs at Champion saved.

• Breaffy House Hotel in Castlebar and the Clare Inn, both owned by the Lynch Hotel Group, have gone into receivership. Hotels will stay open and all bookings will be honoured. Other hotels in group continue to trade well.

• Four Toni & Guy salons in Kilkenny, Cork and Dublin went into voluntary liquidation with the loss of 35 jobs. Other Toni & Guy salons continue to trade normally.

• Superquinn due to close its store in Naas in Kildare after the expiry of a lease on the building, resulting in the loss of 110 jobs. Some employees may be re-deployed to other stores.

• Jim Mansfield's Citywest empire has gone into liquidation. Debts total €192m.

• Accessory chain Razzle Dazzle, with two shops in Tralee and outlets in Killarney and Limerick, went into voluntary liquidation after 30 years' successful trading.

• A liquidator was appointed earlier this month to the Jona Group of companies in Galway, which includes a number of nightclubs in the city.

Sunday Independent

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