Interim examiner appointed to Zumo

Interim examiner appointed to Zumo

The High Court has today appointed an interim examiner to the firm that owns and operates Zumo juice and smoothie bars.

Mr Justice John MacMenamin said he was satisfied to appoint chartered accountant Neil Hughes of firm Hughes Blake as interim examiner to Mediterranean Food and Wine Ltd, the company which operates the Zumo juice and smoothie bars.

In a petition to the court the company, with a registered address at Mary Abbey, Capel Street, Dublin, said it was seeking the protection of the court from its creditor because it had become insolvent and was unable to pay its debts.

The court also heard that there was a petition pending, which had not been advertised, to have the company wound up.

The company, which specialises in making fruit drinks and yoghart from fresh ingredients, currently employs 60 people. The Zumo bars operates under franchisee agreements in 12 different countries and is that largest juice smoothie bar chain in Europe.

Declan Murphy Bl for the company said the firm blamed its current difficulties on factors including the general economic downturn, difficulties over rental agreements it had entered into and the costs of a €4.5m buyout of one of the firm's shareholders in 2005.

Mr Justice MacMenamin made the matter returnable to October 8 next.


More in this Section

'He put his hands around my neck and started to choke me' - Cork man convicted of assaulting his sister'He put his hands around my neck and started to choke me' - Cork man convicted of assaulting his sister

Jack Butler Yeats painting sells at auction for three-times its estimateJack Butler Yeats painting sells at auction for three-times its estimate

Court quashes conviction of one of three men for burglary which saw Limerick family assaulted and threatenedCourt quashes conviction of one of three men for burglary which saw Limerick family assaulted and threatened

Taoiseach accuses Fianna Fáil of 'anti-rural agenda' over smoky coal banTaoiseach accuses Fianna Fáil of 'anti-rural agenda' over smoky coal ban


Lifestyle

They’re the best air purifiers around so we should grow more houseplants all year round, says Peter Dowdall.Not just for December: The reason why she should grow more houseplants all year round

Let's face it — for the first few years of a child’s life you can dress them exactly how you want to.Alison Curtis: Clothes shopping with your young girl can be a tricky thing to do

Lizzo, Demi Lovato and Ashley Graham are among those prompting us to practise a little more self-love.5 times celebrities reminded us to be body positive in 2019

Wondering about wine for the big day? Leslie Williams has all the options, for every taste and budget.Something from the bar: The perfect drink selections this Christmas

More From The Irish Examiner