New owner vows to ‘revitalise’ Clerys

The new owner of Clerys has vowed to “revitalise” the historic store’s fortunes with fresh investment to enhance its offering and improve its operations.

A Boston-based private firm, Gordon Brothers, was named as Clerys’ new owner on Monday night, via one of its subsidiaries, OCS Investment Holdings.

The debt-laden business was bought after being put into receivership by former owners, the Dublin-based retailing family, the Guineys. Michael McAteer and Paul McCann of Grant Thornton had been appointed joint receivers of the three holding companies for Clerys on Monday afternoon.