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Fri 12 Dec 2008Examiner for pub group owing €26m confirmed
A HIGH Court judge has confirmed court protection for 21 of Dublin’s best-known bars and restaurants operated by the Thomas Read group. The group companies employ more than 400 people, have combined debts of €26 million and are said to have a reasonable prospect of survival provided certain conditions are met.
Ms Justice Mary Finlay Geoghegan yesterday confirmed Kieran McCarthy of Hughes Blake accountants as examiner to Sharmane Ltd, the parent company of the Thomas Read group, and as examiner to 13 of the 14 companies operating the bars. She adjourned the application for examinership for one company.
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