Monday November 30, 2020

Rescue deal is drawn up for furniture chain

A rescue package has been lined up to save Arramount Furniture, a nationwide chain of furniture stores that collapsed into examinership in June with multi-million euro debts.

26th September, 2009

A rescue package has been lined up to save Arramount Furniture, a nationwide chain of furniture stores that collapsed into examinership in June with multi-million euro debts.

The Greenwood Group, a Cork furniture manufacturer, is financing the rescue package and is poised to take a significant stake in the business. The deal is set to be put to the High Court for approval later this week.

If sanctioned, the deal will save close to 50...

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