Clerys concessionaires look to change liquidator

Seventeen Clerys concessionaires have banded together in a bid to retrieve an estimated €2.5m in lost revenue, arising from the sudden closure of the iconic Dublin department store earlier this month.

At a meeting yesterday, the group — including Elvery’s, McCabe’s, John Adam and Ecco Shoes — agreed to consider a number of moves. Firstly, they are considering moving for an independent liquidator and objecting to the permanent appointment of KPMG as the store’s liquidator.

This is being done on the understanding that the company is chief auditor for D2 Private and Cheyne Capital Management, the main companies behind the Natrium joint-venture which acquired Clerys from US owners Gordon Brothers for an undisclosed sum on June 12 and promptly closed it down.