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Hughes & Hughes joy

Irish bookshop chain Hughes & Hughes is to be preserved after a group of investors have stepped in to run the business.

The bookshop's founder Derek Hughes said that he brought together the investors to run the new firm, owned by Sivota Ltd.

Sivota has bought five of its bookstores from receiver David Carson of Deloitte.

These shops include four in Dublin -- the group's flagship store in St Stephen's Green shopping centre, its Dundrum Town Centre shop, its shop in the Omni shopping centre in Santry as well as its shop in the Pavilions shopping centre.