Possible concern for Clonmel jobs as fashion chain enters examinership

 

Carl Scarpa has been operating since 1974 and has around 20 outlets including one on Dublin' s Grafton Street.

In appointing Tom Kavanagh as examiner Mr Justice Gerard Hogan said the stores had established a very strong brand and sold shoes designed for fashion conscious individuals.

He described Carl Scarpa# s difficulties, which arose from the downturn and high rents, were sadly all too familiar in the Irish retail sector.

However the judge said he is absolutely satisfied that Carl Scarpa can survive and he believes it# s potentially a very strong Irish retail company.

At the moment however the business cannot pay its debts including around 200 thousand Euro in tax arrears to the Revenue.

The court was told there is investment interest, and while there are loss making stores, it is hoped there will not be closures.