|Fears for future of Galway dealership as doors closed for review|
August 16, 2011 - 7:30am
High-end car sales outlet says it will make announcement on Wednesday
BY ENDA CUNNINGHAM
There are fears for the future of one of the country’s biggest high-end car dealerships – Cunningham Higgins in Ballybrit – where doors are closed while a review of the business is carried out.
In a statement to the Connacht Sentinel yesterday, the owners said the business in the Briarhill Business Park has closed for two days to make a decision on its future.
“We, the directors and owners of Cunningham Higgins, decided to close the business for two days to allow an in-depth strategic look at the business and make a decision on its future thereafter.
“The retail industry including motor is in serious decline in Ireland and we, the directors of our business, need to decide if we commit more resources to the business to keep it trading through this recession or not.
“Right now the directors are in full control of the business, its assets including stocks and also the premises, which are owned outside of the company.
“Any decision on the future of the Cunningham Higgins Ltd will be taken by the directors and the directors only. We will make an official statement on Wednesday of this week in relation to the future of the business,” Niall Cunningham and Joe Higgins said in the statement.
A fortnight ago, their related business on the Tuam Road, a Mercedes Benz van centre, closed its doors. It’s understood most of the staff were transferred to Briarhill.
The businessmen are authorised dealers for Mercedes, and also specialise in prestige marques such as Ferrari, Bentley, Porsche, Rolls Royce, Maserati and Aston Martin.
Read more in today's Connacht Sentinel
Can't say I'm surprised ... I doubt there's much demand for Bugattis in Galway at the moment. People are tightening their belts and sticking with Ferraris.