Former Dragons Den chemist owner and husband get €400k to exit Cara Group

The judge questioned why the €342,000 "ex gratia payment" was being made to to the directors/beneficial owners rather than to the creditors

Ramona Nicholas and her husband are to get €29,000 each in redundancy payments along with another €342,000 between them representing an “ex gratia payment on the termination of their employment"

Former RTÉ Dragons Den presenter Ramona Nicholas and her husband Canice Nicholas are to receive a total of €400,000 as part of a deal in their exit from the Cara Group of pharmacies, a High Court judge has been told.

Part of that sum is €29,000 redundancy payments to each of them with the remaining €342,000 representing an “ex gratia payment on the termination of their employment" and to include non-compete clauses.