Examiner appointed to Golden Discs as chain has ‘reasonable prospect’ of survival

THE High Court has confirmed the appointment of an examiner to the Golden Discs music retail group, which has 20 stores around the country, including six franchised stores.

Yesterday at the High Court Ms Justice Mary Finlay Geoghegan said she was satisfied to appoint an examiner after an independent accountant’s reports stated that the company had a reasonable prospect of survival as a going concern.

The court heard that the chain, which has been in operation since 1968, can survive if certain things are put in place.