Dixons retail director received €318k payoff

The former managing director of the Dixons retail operation in Ireland received a payoff of over €300,000 when he stepped down from the role last year.

The €318,000 payment to Declan Ronayne is revealed in new accounts for DSG Retail Ireland Ltd that show pre-tax losses continued to mount at the firm, despite revenues increasing 4% to €152.3m in the 12 months to April 30.

PC World and Currys also operate under the DSG banner in Ireland.