Sunday 22 April 2018

Wicklow-based Richard Roche (59) sold the leasehold of his family's Roches Stores department store business to Debenhams for 29m just before the crash. The family held on to nine of the properties, which had an 18m annual rent roll. The family sold the Frascati shopping centre to Invesco for 68m in 2015. Debenhams' decision to put its Irish stores into examinership lifted the lid on a rental dispute between the retailer and the notoriously media-shy Roche family and ultimately resulted in rents to the family being cut. Richard lives on a 300-acre estate outside Wicklow and has invested in healthcare and US property ventures.

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