Thursday October 29, 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,...

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