Best Menswear says it’s paying €1m above market rent rates

Fashion chain blames high rents for examinership

Cork hurler Aidan Walsh, Dublin hurler Danny Sutcliffe and Kilkenny hurler TJ Reid are pictured modelling suits from Best Menswear at a shoot in Croke Park last October: the company has now been forced into examinershipInpho

Best Menswear, the fashion chain that went into examinership last week, claims it is paying close to €1 million above current rental values at its stores, The Sunday Business Post has learned.

The 15-strong chain is paying rent of €3.3 million a year even though the current market rates would be about €2.5 million, according to a report presented to the High Court last week as it sought the appointment of an interim ...