Bookshop’s losses increase by 65%

One of the country’s most celebrated book firms — Kenny’s Bookshop in Galway — has been engaged with its bank on plans to dispose of properties to pay down bank debts.

The shop was established in 1940, and President Michael D Higgins has had close links with the Kennys over a long period.

Recently filed accounts to the Companies Office show that the losses at Kenny’s Bookshops and Arts Galleries (Holdings) Ltd increased by 65% from €1.1m in 2009 to €1.8m in 2010 with accumulated losses of €6.7m at the end of 2010.