‘Everybody went into a state of shock’: Fears rise that the number of insolvencies is a sign of things to come

Experts fear the increase recorded in the third quarter of the year is a sign of things to come for the rest of this year and into 2021

15th November, 2020
‘Everybody went into a state of shock’: Fears rise that the number of insolvencies is a sign of things to come
Christine Cullen, managing director of CRIFVision-net: government supports needed Picture: Fergal Phillips

The country’s high streets look a little different than they did before the devastating Covid-19 pandemic swept across towns and cities, wiping well-known retailers off the map.

The onset of the virus and the public health measures required to limit its damage were the catalysts for a spate of household names bringing the shutters down for the last time.

Many of those forced out of business were multi-unit retailers – Oasis, Mothercare, Debenhams...

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