Courts / Ireland / Report
Interim Examiner appointed to Iceland stores operator after food recall order
Summary
The High Court appointed Mr Joseph Walsh as interim examiner for Metron Stores Limited, operator of 26 Iceland retail stores in Ireland, after the company was found insolvent with €36m of debts due. The court heard that the Food Safety Authority of Ireland had ordered the withdrawal of all imported frozen animal‑origin foods, citing alleged breaches of food legislation. Metron has complied with the notice, identified 239 potentially non‑compliant products out of 3,000, and secured new Irish suppliers and veterinary certification. The company faces over 25 legal actions, significant losses, and employment disputes, but has taken steps to resolve these issues. An independent experts report suggests the company could survive if a scheme of arrangement is agreed with creditors and fresh investment is secured through examinership. The matter will return to court in two weeks.
Who, what, where, when and why
What: Report matter: Interim Examiner appointed to Iceland stores operator after food recall order. Procedural stage: hearing_or_decision
When:
- March 3rd Other
- 2023-06-20 Publication
Why: In order to comply with EU regulations, the items need veterinary certification from within the EU. CNI source report
Places mentioned
- The High Court
Topics
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