Principles Retail Ireland

Type
Bankruptcy
Country
Ireland
Region
Ireland;
Location of affected unit(s)
Sector
Wholesale / Retail
47 - Retail trade
47.7 - Retail sale of other goods, except motor vehicles and motorcycles
47.71 - Retail sale of clothing
216 jobs
Number of planned job losses
Job loss
Announcement Date
12 March 2009
Employment effect (start)
Foreseen end date

Description

UK-owned clothing retailer Principles were recently placed in liquidation. Soon after Principles confirmed 216 staff were to lose their jobs. The company has been badly affected by the competitive difficulties facing its owner, Mosaic. Principles has seven stores and 25 concessions in department stores across Ireland.

Sources

Citation

Eurofound (2009), Principles Retail Ireland, Bankruptcy in Ireland, factsheet number 68528, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68528.