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Claddagh Jewellers Bankruptcy

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  • 04-02-2016 6:45pm
    #1
    Maurb1d
    Registered Users Posts: 1 ✭


    I read in the paper about a year and a half ago that the owner of Claddagh Jewellers was declaring bankruptcy but I see they are now expanding into the unit beside them, are they under new ownership?


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    #2
    nuac
    Moderators, Society & Culture Moderators Posts: 6,769 Mod ✭✭✭✭nuac


    Maurb1d wrote: »
    I read in the paper about a year and a half ago that the owner of Claddagh Jewellers was declaring bankruptcy but I see they are now expanding into the unit beside them, are they under new ownership?

    Don't know anything about that firm, but I would have thought that a jewweller would un likely to go bust.

    Stock does not perish, not go out of date. Its value usually appreciates.

    Main risk would be upward only rent reviews


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    #3
    Paddyfield
    Registered Users Posts: 509 ✭✭✭Paddyfield


    Maurb1d wrote: »
    I read in the paper about a year and a half ago that the owner of Claddagh Jewellers was declaring bankruptcy but I see they are now expanding into the unit beside them, are they under new ownership?

    Hmmmm; big question for your first post. I understand that the original owner has retired and his sons are now operating the business.


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    #4
    Galwayps
    Registered Users Posts: 126 ✭✭Galwayps


    I remember seeing the article myself although its a at least 3 years and a quick check online with some info would confirm that the original company went into receivership although a new one had already been set up. just some succession tax planning.


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