Editorial: Clerys creditors' anger is justified
THE circumstances in which Clerys closed last June led to outrage among the public and, more pressingly, among concession holders who operated at the O’Connell Street store.
According to these concession holders the sudden closure saw up to €2m of their takings from sales being withheld by the company.
Many justifiably angry concession holders were among those who attended a creditors’ meeting yesterday.
The liquidators, who say the amount owed is €1.3m, informed creditors that just €400,000 is available for distribution – well short of the amount claimed by either party.
Given that the Clerys’ building sold for a reported €29m a month before the store closed concession holders could be forgiven for believing they are entitled to the full amount of their cash back.
One concession holder is taking legal action to recover her money – it will be very interesting to see how this case progresses.
Music but no match at Electric Picnic
THERE’S something for everyone at this year’s Electric Picnic – unless you’re a GAA fan.
Festival-goers hoping to catch the Dublin-Mayo replay won’t be seeing it on a big screen at the event, it’s emerged, after organisers said they’ve no plans to show it.
Aside from that there’ll be plenty on offer to keep music fans happy over the three days in Co Laois.
There’s the usual big name acts, like Blur and Florence And The Machine, with other events too, such as a petting zoo and food and crafts offerings.
For most at the sold-out event it will be all about the music though. And maybe a Saturday stroll into Stradbally to catch the action at Croker.