Elverys seeks major corporate restructuring

The owners of Elverys Sports, the Irish sportswear retailer with more than 50 outlets, are in advanced talks with lenders and management about a major corporate restructuring. The negotiations involv

Ian Kehoe - avatar

Ian Kehoe

27th October, 2013
Elverys Sports has more than 50 outlets in Ireland

The owners of Elverys Sports, the Irish sportswear retailer with more than 50 outlets, are in advanced talks with lenders and management about a major corporate restructuring.

The negotiations involve AIB, the state's bad bank, Nama as well as John and James Staunton, the retail entrepreneurs behind Elverys Sports.

The negotiations are aimed at separating the personal property borrowings of the Staunton brothers from the trading retail business. One option under active discussion involves management at...

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