Interim examiner for Best Menswear company

An interim examiner has been appointed by the High Court to Best, the company operating 13 Best Menswear stores across Ireland and two other fashion stores employing 130 people.

The sudden closure of Clerys department store in Dublin last month had a “catastrophic” effect on the cashflow of Best as it was a concession holder operating its largest store from the Clerys premises, the court heard yesterday.

The damage occurred as a result of the loss of €270,000 held by Clerys in trust for Best arising from prior sales and the loss of trading revenues since Clerys closed, Rossa Fanning, for the company, outlined.