Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Northern Irish retailer Menarys enters voluntary deal with creditors

Northern Irish department store chain Menarys has entered a Creditors Voluntary Arrangement (CVA) in order to ensure the survival of the business.

The CVA was completed by chartered accountant Grant Thornton on July 11, according to accounts filed at Companies House.

The retailer, which has 18 branches across Ireland including stores in Dungannon, Larne and Newry, made a loss of £3.6m in 2013. £2.7m of this loss was due to writing off loans owed to the business.

The multi-brand store Tempest in the Diamond Centre in Coleraine, Derry, which is owned by Menarys, will close on October 4, according to the Coleraine Times.

Three concessions within Tempest - Miss Selfridge, Exhibit and Quiz Clothing - will be relocating elsewhere in the city.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.