Monday October 26, 2020

Roche family ‘offered to cut rent’ at Irish Debenhams stores

Former landlord told protesting ex-staff he had discussions with the department store chain prior to its liquidation

Barry J Whyte

Chief Feature Writer

@whytebarry
27th September, 2020
The Roche family sold their Roches stores network to Debenhams in 1996 but held on to the properties, thus becoming Debenhams landlords in certain locations

Richard Roche, a member of the family who formerly owned the Roches Stores department store chain, has said he offered significant rent cuts to Debenhams prior to its liquidation of the Irish arm of the business.

Roche told former employees of Debenhams that he “had extensive discussions with Debenhams at the highest level, with a view to rationalising its retail estate in Ireland”, according to correspondence seen by the Business Post.

Those discussions,...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

LearnUpon’s cloud-based learning management system is used by more than 1,000 companies to deliver online training

Rosanna Cooney | 2 hours ago

Accounts for Nick Furlong’s Vevey Management state that ‘directors expect some tenants will not be able to pay their rent’

Barry J Whyte | 1 day ago

Despite a 50 per cent increase in Irish customers, German digital bank N26 has no plans to open an office here but will serve its customers from Berlin

Killian Woods | 1 day ago