independent

Wednesday 1 October 2014

A-Wear jobs in doubt as firm enters receivership

Simon Brouder

Published 04/12/2013 | 05:36

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A-Wear in Tralee closed its doors.

THE future of six jobs at Tralee's A-Wear clothing store are in doubt after the chain was placed in receivership and the Tralee outlet emptied of stock and closed up last Thursday.

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THE future of six jobs at Tralee's A-Wear clothing store are in doubt after the chain was placed in receivership and the Tralee outlet emptied of stock and closed up last Thursday.

It has emerged that the Tralee outlet may yet be reopened by the receiver but this will not be decided until next week at the earliest.

The shop's sudden closure has also led to anger, confusion and frustration among shoppers who hold vouchers and gift cards that they fear will not now be honoured.

A-Wear, a national chain with 31 outlets across Ireland, was placed in receivership last Thursday after the chain's parent company, Latzur Limited, failed to successfully exit from examinership.

Four of the chain's outlets in Dublin and Sligo remain open and the receivers, Kavanagh Fennell, say they plan to reopen a further five to six stores next week.

However, Kavanagh Fennell have not yet decided which stores will reopen and a final decision will not be made until the receiver completes an examination of the profits, rents, rates and other financial details of each store.

A-Wear, which blamed high rents and increased competition for its financial troubles, had been in examinership since October 8 as it tried to restructure and secure 358 jobs at its various outlets.

Ken Fennell of Kavanagh Fennell was appointed as receiver on Thursday morning. Within hours of the appointment A-Wear branches began closing their doors.

By Thursday afternoon the Tralee store, located in a prominent unit on The Mall, had closed and, following a stock take, all stock, most branded fittings and the majority of the shop's tills and office equipment were removed.

Since the Tralee shop's closure, a number of customers have contacted The Kerryman claiming they had vouchers and gift cards that were not accepted by staff in the hours immediately before the shop was closed.

A spokesman for Kavanagh Fennel said this week the receiver will only honour vouchers and gift cards that were purchased during the period when A-wear was in examinership, from October 8 to November 28.

Cards and vouchers bought in the period covered by the receiver can be redeemed by contacting Kavanagh Fennell directly until December 24.

Kerryman

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