Debenhams Retail Ireland Limited is set to end its period of examinership without opposition, after resolving disputes with landlords.
Debenhams’ UK parent company is now the preferred bidder to buy the Irish side of the business, and to take the company back out of insolvency. The Irish Independent reported that the only other bidder for the business was Sports Direct boss Mike Ashley.
Last April, Debenhams Retail Ireland Limited applied for court protection for 11 of its stores. The High Court has now extended the examinership period to August 19, to allow a rescue package for the company to be secured.