Claddagh Jewellers Bankruptcy

Maurb1d

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?

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Stock does not perish, not go out of date.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

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.

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.