Examiner appointed to DIY chain

The High Court yesterday appointed an interim examiner to the Atlantic Home Care chain after it heard there was a reasonable prospect of saving 234 of the 348 jobs at the majority of its nationwide stores.

The DIY and hardware chain, which is part of the Grafton Group, has 13 stores around the country, most of which are trading at a loss, the court heard.

Accumulated losses over the last five years are more than €21m with a projected loss for this year of €4.5m.