JOBS are in doubt across A|wear stores nationwide, including the Blanchardstown store, as the company enters receivership.
The examinership of Latzur Ltd, trading as A|wear, failed to bring the female fashion brand back to a sustainable trading level, leading to the secured charge holder of the business to appoint Ken Fennell of Kavanagh Fennell as receiver to the business on Thursday, November 28.
A|wear entered Examinership on October 8, in a bid to restructure the company and help bring it to a more sustainable footing, protecting as many jobs as possible.
A spokesperson for the company stated to the Gazette that in the weeks post examinership, “sales projections for the business have not materialised and no viable investment proposal was forthcoming, leaving the business with no option but to seek the appointment of a Receiver.”
A|wear said it will continue to trade under receivership.
However, the receiver was to look at the feasibility of trading some of the stores, meaning it was inevitable that others will cease trading.
The shutters at the Blanchardstown store had closed when the receivership was announced, but it has since reopened.
According to the spokesperson, the receiver will “endeavour to sell the business as a going concern”.
A|wear has 31 retail locations in Ireland and nine concession stores in the UK.
They employ 358 staff; 117 full-time staff and 241 part-time staff between all retail operations and the head office on Grafton Street.
At the time of going to print, the Blanchardstown store remained open, while the company’s website was not online with a site maintenance notice saying “Due to unforeseen circumstances this site is currently offline. We sincerely apologise for any inconvenience.”