Carl Scarpa chain applies for examinership
Owners and operators of ladies footwear and accessories chain seek court protection
File photo of people on Grafton Street where Carl Scarpa has a branch. Photo: Davd Sleator/The Irish Times
The owners and operators of the well known ladies footwear and fashion accessories retail chain ‘Carl Scarpa’ have applied to the High Court to be placed into examinership.
The two firms employ over 80 full time and part time staff. The companies cited high rents and the general economic downturn for their currently difficulties. The firms are seeking the appointment of an examiner on the grounds they have a good prospect of survival if certain steps are taken.
The Carl Scarpa brand has been in existence since 1974.
Today at the High Court, the firms, both with a registered address at North Park, North Road, Finglas Co Dublin secured the protection of the High Court from their creditors.
When the matter was briefly mentioned before Mr Justice Sean Ryan, barrister Declan Murphy Bl for the companies said his clients will petition the court next week for the appointment of an examiner.
Counsel told the court it will put the firm’s creditors, which include the Revenue Commissioners Ulster Bank, landlords and local authorities, on notice of the application.
Mr Justice Ryan agreed to adjourn the matter to Wednesday of next week.