Clerys taken over, saving 350 jobs – but Guineys is to close
CLERYS, THE 159-YEAR-OLD department store on Dublin’s O’Connell Street, has been sold to an American private equity group, just hours after it was placed into receivership.
The move means that almost 350 people who work at the iconic store will keep their jobs after the store was bought by investment group Gordon Brothers.
The giant department store will continue to trade as usual.
However Guineys & Co, the nearby department store on Dublin’s Talbot Street which is a sister shop to Clerys, has been put into liquidation and will close down. Clerys’ two retail park shops in Leopardstown and Naas are also to close.