Interim examiner appointed to Irish operator of Iceland stores

Court heard company is insolvent and unable to pay estimated debts of €36m as they fall due

Judge on Tuesday appointed chartered accountant and insolvency expert Joseph Walsh as interim examiner to Metron Stores, which operates 26 Iceland stores in the Republic of Ireland and employs more than 344 people. File picture

The High Court has appointed an interim examiner to the company that operates the Iceland chain of retail stores in Ireland.

The court heard Metron Stores Limited, which is in difficulties due to factors including a recent order served on it by the Food Safety Authority of Ireland requiring it to withdraw all imported frozen food of animal origin from its stores, is insolvent and unable to pay estimated debts of €36m as they fall due.