Clerys on O’Connell Street in Dublin will continue to trade as normal today following the appointment of joint receivers Paul McCann and Michael McAteer of Grant Thornton to Clery & Co (1941) plc, Denis Guiney Ltd and Yterrbium Ltd.
The receivers were appointed at the invitation of the directors of these companies, which own and operate the department store.
According to a statement from the receivers, the O’Connell Street shop will continue to trade as normal and the 147 jobs in the store remain unaffected by the appointment of the receivers. Likewise, concessionaire partners at the store and their employees will not be affected.
The statement said the receivers are “at an advanced stage of negotiations with a potential buyer, which has strong retail credentials, for the store” and hope to be in a position to make an announcement regarding new ownership shortly.
The directors have requested that a petition is filed with the High Court to appoint a liquidator to Guiney & Co Ltd, which trades as Guineys at 79 Talbot Street, and Denis Guiney Furnishings Ltd, which operates two Clerys Home Furnishing stores in Leopardstown and Naas.
The directors have decided that these stores are no longer economically viable and they have been closed. Ten people are employed in Guineys on Talbot Street, while 19 people are employed in the two furnishing stores.