Interim examiner appointed to Best Menswear
The High Court has appointed an interim examiner to Best Menswear.
Declan McDonald, of PwC has been appointed to work with the company to put it on a more sustainable basis into the future.
Best Menswear employs 135 people at 15 stores.
In a statement issued this evening, it said it had been struggling in a difficult market and last month's closure of Clerys had put an enormous strain on cashflow, compounding its trading difficulties.
Best Menswear is owed €270,000 from its concession in Clerys.
The company said it believed the appointment of the examiner and the adoption of a range of cost-control measures, will give Best Menswear a solid platform to continue to trade in Ireland, working with creditors to ensure longterm viability and to safeguard jobs.
