Friday June 5, 2020

The €20m offer that would have kept Clerys open

21st June, 2015

Gordon Brothers, the former owners of Clerys, rejected a €20 million approach for the department store which would have kept its doors open and saved hundreds of jobs earlier this year.

Their advisers, IBI Corporate Finance, rebuffed the move, which was spearheaded by Eoin McGettigan the former Clerys chairman, McGettigan told The Sunday Business Post. Gordon Brothers eventually selected a higher offer fronted by Deirdre Foley, who was prepared pay them €9 million more.

The...

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