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Sat 02 Feb 2010Leading bookseller goes into receivership
HUGHES Hughes, the bookshop chain, went into receivership last night, putting more than 200 jobs at risk. Difficulties in negotiating lower rents and a collapse in passenger numbers at Dublin and Cork airports, where the majority of its business is generated, were blamed for the insolvency. The company also cited the impact on bookselling of online sales through outlets like Amazon.
Insolvency expert David Carson, of accountancy firm Deloitte, has been appointed by Ulster Bank as receiver.
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