Best Menswear to exit examinership tomorrow

Best Menswear is set to successfully exit examinership tomorrow, securing the jobs of 130 employees.

The company entered examinership in July following the closure of Clerys. It was owed between €1.5 million and €2 million by OCS Operations, which ran the Clery's.

Almost all Best Menswear stores will continue to trade, including stores in Arklow, Blanchardstown, Drogheda, Dundrum, Liffey Valley, Mahon Point, Newbridge and Stephens Green.

Best Menswear managing director David Jones said the examinership process had facilitated the company reaching agreements with its creditors.