Tomás Ó Flatharta

Looking at Things from the Left

Receivers at Clery’s in Dublin

leave a comment »

A wake up call for anyone who believes government spin that we are making progress out of the recession

NAMA Wine Lake

There has been speculation “on the street” for over a month about the imminent appointment of receivers to the Clery’’s department store on O’Connell Street and this evening RTE reports that a receiver has indeed been appointed to the company, Guiney and Company Limited, which owns the iconic department store on O’Connell Street.

RTE reports the receivers saying that the store will remain open and it “will be business as usual” but the industry has been that a receivership will allow Clery’s to give notice to the various concessions which operate in the store.

Clery’s has had a long and chequered history, including a period in which it was owned by notorious Dublin businessman William Martin Murphy. It has been in the Guiney family since 1941, survived recessions in the 1950s and 1980s but overplayed its hand in the 2000s when it got into the property development game.

It is…

View original post 152 more words

Written by tomasoflatharta

September 17, 2012 at 8:46 pm

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: