Arzac Developments and Richard Alan get liquidators

This report is a localnews.ie summary based on public court reporting and records; sources are listed below.

Arzac Developments Ltd and Richard Alan & Co had provisional liquidators appointed by the High Court on 15 October 2020 after becoming insolvent. The companies operated 13 fashion stores, including Pamela Scott and Richard Alan outlets across the Republic, and employed 104 people. Insolvency practitioners Eamonn Richardson and Ian Barrett of KPMG were appointed jointly. The companies said changing shopping habits, rising costs, reduced footfall, landlord pressure and the Covid-19 pandemic had worsened their financial position. The cases were returned to November for further consideration.