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Sat 06 Jun 2009Town Bar and Grill survives but lean pickings for creditors
CREDITORS OF the latest high-profile casualty in the restaurant business, Town Bar and Grill, are to recoup no more than 20 per cent of the money they are owed under a rescue plan for the venue.
Town Bar’s owner, Ronan Ryan, said his restaurant would stay open after an unnamed investor agreed to put €500,000 into the business. As part of the examinership process a string of suppliers will lose most of the money due to them.
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