Harvey Nichols Dundrum Bust as Liquidators Appointed
- On Thursday, the High Court appointed provisional joint liquidators to the Harvey Nichols store in Dundrum Town Centre after declaring the retailer insolvent and unable to pay its debts.
- Poor trading since the Covid-19 pandemic caused financial distress, with annual rent reaching €1,059,410 and net liabilities rising to €28.2 million by 2026, while the UK parent group withdrew financial support.
- Justice Siobhan Stack appointed Grant Thornton's John Boland and Nicholas O'Dwyer as joint liquidators after sole director Julia Goddard presented the winding-up petition, stating no buyer could be found.
- Separately, Mike Ashley's Frasers Group acquired the Harvey Nichols UK parent group in a deal securing over 1,000 jobs, though the Dundrum store remains in separate liquidation proceedings.
- Frasers Group bosses announced plans for "significant restructuring" to transform the chain into a "smaller business," with court proceedings regarding the Dundrum store's future returned until September 7.
13 Articles
13 Articles
Dundrum store to close as liquidators appointed by court
A long-standing Dundrum store is set to permanently close after it entered liquidation. The Harvey Nichols department store in Dundrum Town Centre was declared insolvent by the High Court on Thursday (August 13) after spending several years operating at a loss. The store, which had been struggling since the COVID-19 pandemic of 2020, saw liquidators appointed by the […]
Harvey Nichols moves to reassure luxury brands after Frasers swoop
The department store chain, which was bought by Mike Ashley's company on Thursday, is seeking to reassure anxious fashion and beauty partners, according to a memo seen by Sky News.
Longstanding Dundrum Town Centre store goes bust
It's not quite Arnotts or Brown Thomas, but any time we're in Dundrum Town Centre, we like to make a point of having a goo around Harvey Nichols. Well, no longer, as the Dublin store has gone bust. On Thursday, it was revealed that the store, which employs 33 people, was unable to pay its […]
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