Saturday 21 April 2018

HMV reopens Dublin Henry's Street store

HMV on Grafton Street closed
HMV on Grafton Street closed

Gordon Deegan

HMV returns to the Irish high street with the official opening of its flagship store on Dublin's Henry Street on today and a live performance by Irish band the Strypes.

New documents show HMV Ireland's receiver earned more than €300,000 in fees and expenses since it went out of business eight months ago.

The payments to appointed receiver David Carson of Deloitte & Touche work out at more than €2,300 per working day in the six-month period under review.

Documents just filed with the Companies Office show Mr Carson received €300,495 (ex VAT) in fees and expenses in the period from when HMV Ireland went into receivership on January 16 last to July 15.

Turnaround specialists Hilco are in the process of reopening four of the shut HMV stores with three at Henry Street, Liffey Valley Shopping Centre in Dublin and the Crescent Shopping Centre in Limerick opening this week and the fourth at HMV in Dundrum scheduled to open later this month.

The receiver's extract lodged by Mr Carson shows a list of payments that includes €26,528 to the Sunni Mae Trust.

The money was owed to the trust from the money raised by the charity single 'Tiny Dancer' to fund health expenses for four-year-old Co Galway girl Lily Mae Morrison, who is fighting a rare and aggressive form of cancer.

The document shows that €1.2m has been paid out in payments in the six-month period with €487,574 paid to former staff of the retailer.

 

Irish Independent

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