Concession owners to get back €3m worth of stock

Concession owners in Clerys last night found out they are to get back about €3m worth of stock locked into the iconic building since Friday.

Solicitor Michael Lavelle, who is acting on behalf of a number of the concession holders, confirmed the liquidators had agreed to release the stock. He said they hoped to have it within 24 hours because, as it is summer stock, it is going down in value as autumn goods would be going on sale soon.

However, the news was not so good in relation to the estimated €2m in takings which had been held by Clerys owners “in trust”.