B&Q’s shop leases court bid adjourned

Home improvements chain B&Q’s legal bid to have several lease agreements for its shops set aside were adjourned yesterday.

The High Court applications brought by B&Q Ireland Ltd, which has been in examinership since the end of January, and are part of the process to secure the company’s survival, will now be heard by the court next Wednesday.

The company, which operates nine stores across the country employing 690 people, entered examinership because it is insolvent with liabilities of more than €17m to its parent company, Kingfisher plc.