Courts / Tipperary / Report
Irish arm of fashion outlets Oasis & Warehouse wound up
Summary
The High Court, on 11 May 2020, ordered the winding up of Oasis Fashions Ireland Ltd and Warehouse Fashion Ireland Ltd, which together employed about 248 people. Mr Justice Michael Twomey confirmed the firms were insolvent and appointed Ken Fennell and James Anderson of Deloitte Ireland as joint liquidators on a provisional basis. The two companies operated 13 stores and 29 concession stands in Ireland. Their parent, Aurora Fashions, is owned by Icelandic Kaupthing Bank, and administrators had been appointed to the UK parent a month earlier. The liquidators were instructed by Kelley Smith BL, who noted that the group had been trading in a difficult environment worsened by the Covid‑19 pandemic, which forced the closure of high‑street stores in late March and hindered the group's ability to secure new investment. The liquidators have been working with creditors, including employees, landlords and Revenue, to ensure an orderly wind‑down of the business.
Who, what, where, when and why
What: Report matter: Irish arm of fashion outlets Oasis & Warehouse wound up. Procedural stage: hearing_or_decision
When:
- 2020-05-11 Publication
Places mentioned
- The High Court
- High Court
Topics
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