Examiner appointed to fashion retail chain
Mr Justice Gerard Hogan yesterday said he was satisfied to appoint experienced insolvency practitioner Tom Kavanagh as examiner to firms CS Calzature Ltd and Carl Scarpa (Grafton Street) Limited. The firms own and operate 20 outlets under the name Carl Scarpa, which the judge said is a “well-known and well-established brand” in Ireland and Britain. The firms employ more than 80 full-time and part-time staff.
Judge Hogan said that while the companies were insolvent and unable to pay their debts as they fall due, he was satisfied from an independent accountant’s report, they have a reasonable prospect of survival as going concerns if certain steps are taken, including securing new investment.
