Fallon & Byrne insolvent, High Court told

Award-winning iconic food business Fallon & Byrne, which runs a restaurant and gourmet food hall in Dublin’s Exchequer Street, is insolvent and unable to pay a €1.4m tax bill, the High Court heard today.

Mr Justice George Birmingham granted the company, which still has a sales turnover of more than €8m, protection of the court by appointing chartered accountant Neil Hughes as interim examiner to run the business as a going concern.