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Thu 07 Jul 2009O'Brien's enters examinership
The High Court has appointed an examiner to O’Brien’s Irish Sandwich Bars Ltd, which employs 20 people directly and 800 indirectly in 85 franchised outlets in Ireland. The company has a total 220 outlets in 13 countries worldwide.
The court was told an unspecified number of the 85 stores in Ireland are to be closed be closed as part of proposals aimed at ensuring the survival of the company, which is insolvent with debts of more than €4 million, including €3.4 million owed to Bank of Ireland.
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