Clerys concessions retrieve stock from store

Some of the 50 businesses which had concessions in Clerys will be allowed into the building to retrieve their stock today.

Concession holders estimate that they have around €3 million worth of goods in the store, which announced last Friday that it was to close immediately.

However, the situation on roughly €2 million in cash due to be paid to the concession holders this week looks bleak.

It comes after Clerys liquidators KPMG said there was not enough cash available to cover the payments.

Yesterday unions were told that there was no money left to cover the cost of redundancies or back pay, and that the State Insolvency Fund is the only avenue open to workers.