Pharmacy group McSweeney is to emerge from examinership at the end of the month. The High Court has approved the scheme of arrangement proposed by the examiner to McSweeney Retail Pharmacy Group.
The group employs 95 staff in eight pharmacies, six in the west and south and two in Dublin. It will remain under court protection until noon on March 28th, when it officially comes out of examinership. An examiner was appointed late last year after the chain sought court protection from its creditors.
The group had debts of about €17 million, owing about €13 million to AIB. The bank had opposed the examinership, seeking instead to have a receiver appointed. Its pharmacies in the North, which were trading profitably, were unaffected.
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