Retail and hospitality insolvencies decline in 2025

The number of insolvencies recorded in 2025 hit 848 — down from the 868 recorded in 2024 — but it is still higher than the 736 in 2023

Queues at the fashion store New Look on Opera Lane in Cork City in April last year for the closing down liquidation sale. 

The number of retail and hospitality business insolvencies declined throughout 2025 as the overall number of company closures remained steady, new data from professional services firm PwC shows.

The latest PwC Insolvency Barometer shows the number of insolvencies recorded in 2025 hit 848 which is down from the 868 recorded in 2024. However, it is still higher than the 736 in 2023.