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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