Courts / Dublin / Report
Liquidator appointed to American Apparel's Irish business
Summary
In November 2016 the High Court in Dublin appointed KPMG insolvency practitioner Kieran Wallace as provisional liquidator for American Apparel Ireland Ltd, the Grafton Street clothing retailer. The court was informed that the company was insolvent and could not meet its debts. American Apparel Ireland had been trading in Ireland since December 2007 and had been owned by the US‑based parent company, which had filed for bankruptcy in the United States. The Irish subsidiary had been transferred to new ownership a year earlier but again faced trading difficulties and decided to file for bankruptcy after a shareholder resolution. The company's only realisable assets are the stock in its premises; it has no warehouse in Ireland. Wallace was granted powers to trade and sell the stock, secure assets and retain employees, with the case scheduled to return to court in December. The landlord of the Grafton Street premises claims to be a significant creditor.
Who, what, where, when and why
What: Report matter: Liquidator appointed to American Apparel's Irish business. Procedural stage: hearing_or_decision
When:
- December 2007 Hearing Or Sentence
- 2016-11-09 Publication
Places mentioned
Topics
Related court reports
- 'Brilliant law academic' who stabbed elderly father to death found not guilty of murder by reason of insanity
- 'He told me he loved me, but I just kept stabbing him' - lawyer on trial accused of murdering father
- Mentally ill man who received suspended sentence for harassing barrister contacted her within days of release, court hears
- Former solicitor at prestigious firm pleads not guilty to murdering father by reason of insanity
- Sentence adjourned for broadcaster Brendan Courtney's attacker
- 'I'm going to kill you' - Carjacker held knife to elderly woman's throat
If a fact, identity, locality or legal outcome needs review, email the newsroom with this report's details prefilled.
Email a correction request