Best Menswear to exit examinership saving 130 jobs
BEST Menswear is set to exit examinership this week, saving 130 jobs in the process.
The move follows the approval of the examiner’s scheme of arrangement in court yesterday.
The firm entered examinership in July 2015 following the closure of Clerys department store.
Stores in Arklow, Blanchardstown, Drogheda, Dundrum, Liffey Valley, Mahon Point, Newbridge, Santry, Stephens Green, Stillorgan and Swords will remain open following the move.
The company was established in 1948 and is one of Ireland’s oldest menswear retailers.
David Jones, Managing Director, Best Menswear said; “We are delighted to be set to successfully exit examinership on Friday. The process has facilitated Best Menswear reaching agreements with our creditors and, together with the adoption of a range of cost control measures, we now look forward to a bright future. As a direct result of this process, 130 jobs in Best Menswear stores have been saved.”