Deirdre Foley

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Natrium, fronted by developer Deirdre Foley with backing from Cheyne Capital, flipped the department store building last October to a consortium for €63m, more than doubling investors’ cash in a little over three years. Photographer: Dara Mac Dónaill
Clerys liquidation could have two years left on the clock

As the new owners of the Clerys site gear up to transform it into a high-grade, mixed-use development, the entrails of the shuttered Dublin department(...)

(L to R, front row) Siptu shop steward Gerry Markey (in pale shirt), Siptu services division organiser Ethel Buckley (in black dress), Lord Mayor of Dublin Brendan Carr and Natrium director Deirdre Foley with former Clerys staff after reaching a deal. Photograph: Gareth Chaney Collins
Stench lingers after Natrium’s peace deal with Clerys staff

Perhaps it was the glare of the publicity, or maybe it was having to line up with a fist-pumping cadre of trade unionists for a family photo outside t(...)

Clerys department store, which closed in controversial circumstances in June 2015. Photograph: Aidan Crawley
Private equity firm paid €3.7m by Clerys in run-up to sale

Gordon Brothers, the Boston private equity firm that sold Clerys hours before it was liquidated last summer, were paid €3.65 million from the departm(...)

Financial statements recently filed reveal that 80 per cent of Natrium, the company that bought Clerys on the eve of the store’s closure, is vested in an Icav.
Clerys owner exploits tax avoidance loophole

Control of the company that bought Clerys in a controversial €29 million deal last year is ultimately held in a complex type of tax-avoidance vehicle(...)

Property developer Deirdre Foley has claimed inspectors who are investigating the closure of Clerys accessed her confidential information from her laptop. Photograph: Dara Mac Dónaill
Seen & Heard: Deirdre Foley’s Clerys inspector claim

Clery’s controversy The Sunday Independent reports a claim by property developer Deirdre Foley that State labour inspectors who are investigating th(...)

The official officer is seeking documentary evidence that company directors responsible for employment at Clerys knew, at any stage of the transaction, that the actions would result in a collective redundancy. Photograph: Dara Mac Donaill
State has six weeks to see if €29m sale of Clerys broke law

The Government has less than six weeks to ascertain if the contentious €29 million sale and closure of Clerys last year involved any breaches of empl(...)

The Clerys building on O’Connell Street, Dublin: the consortium that bought the shop would like Apple to have a store on the ground floor. Photograph: Dara Mac Dónaill / The Irish Times
Natrium sets sights on Apple Store in Clerys building

The consortium that bought the Clerys store in Dublin for €29 million is trying to lure Apple to open a flagship retail outlet on the ground floor of (...)

People walk past a house with billboards displaying portrait of incumbent Djibouti President Ismail Omar Guelleh in Djibouti. Photograph: AFP PHOTO / SIMON MAINASIMON MAINA/AFP/Getty Images Facebook: in the High Court. Photograph: SIMON MAINA/AFP/Getty Images
Caveat: Facebook’s IOG case spells OMG for Ireland

When Facebook, Twitter and Google established their international headquarters in Dublin, they didn’t just bring investment, exotic tax accounting pr(...)

For sale: DIT’s Cathal Brugha Street hotel school
Caveat: High time booming hotels paid VAT in full

The news this week that DIT’s Cathal Brugha Street hotel school is for sale reminded me of the wonderful years I spent there in the late 1990s. The in(...)

Clerys: liquidated last June. Photograph: Aidan Crawley
Cheyne changes its man on the board of Clerys company

Cheyne Capital, the London hedge fund that gave the developer Deirdre Foley the financial welly for her €29 million Natrium buyout of Clerys, has chan(...)

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