Interim examiner for Benetton stores

An interim examiner has been appointed to the company which operates six United Colors of Benetton stores in the Republic.

The High Court was told T&P Kavanagh Enterprises, Thurles, Co Tipperary, has debts of €1.4m, with United Colors of Benetton being the main creditor.

Counsel Jonathan Fitzgerald said T&P Kavanagh Enterprises runs six stores nationwide employing 26 staff. He said the company had built up a significant trade debt with Benetton, Italy, between 2007 and 2010 when it and the Italian clothing giant could not agree on a stock purchase agreement.