Luigi Malones outlets to keep trading despite liquidation

A RESTAURANT company with five outlets and around 225 jobs has gone into liquidation, but is aiming to continue trading via its liquidator with the businesses to be offered for sale as going concerns.

Sandquay Restaurants, which operates Luigi Malones in Cork, Limerick and Dublin, as well as Caffe Hi (previously Hamburger Inn) in Wilton and Merchants Quay shopping centres in Cork city, was placed in liquidation this week with a trading deficit likely to be around €2m.

The receiver appointed following a meeting with creditors on Tuesday is Barry Lynch, of PF Lynch & Co, South Terrace, Cork.