Sunday June 7, 2020

Clerys owners prepare for sale

Talks with trade buyer under way

15th February, 2015
There is more interest in the listed Clerys building than the retail side of the usiness Picture: Feargal Ward

The US-based owner of Clerys is gearing up to sell the iconic Dublin department store, appointing corporate advisers to conduct a sales process.

Gordon Brothers has retained IBI Corporate Finance to manage the process, and talks with one trade buyer are in progress.

A number of potential bidders have been sounded out, including retail recovery expert Hilco, which was approached directly by Gordon Brothers.

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