STRONG SALES HAVE been reported at a Clerys liquidation store opened in Dublin last week.
The pop-up store is being run by Best Menswear, which operated in the O’Connell Street department store prior to its closure last month.
It has no link to OCS Operations Limited, the company that managed Clerys’ day-to-day operations before it was liquidated last month.
The owner of Best Menswear, David Jones, told TheJournal.ie that he expects its remaining stock to be gone in the next four to five weeks.
The Parnell Street store, which began trading on Friday, is open seven days a week.
Most of its items are being sold at 50% off their original price, Jones said.
It’s costing us money to operate – we’re making a loss here – but we have stock to clear so there are no other options.
He said that the manager and majority of workers at the pop-up outlet are former Clerys employees.
Liquidators
The High Court yesterday appointed Kieran Wallace and Eamonn Richardson of KPMG as joint liquidators for OCS Operations, a subsidiary of US-based Gordon Brothers.
The job losses arising from its liquidation included about 130 people directly employed in the department store and another 330 who worked for the concession holders operating in the building.
A separate company under which the Clerys property is owned was sold last month to the Natrium consortium, which is made up of Irish investors D2 Private and UK-based Cheyne Capital Management.
Concession holders based in the department store say they are owed €2 million in cash from their own direct sales proceeds, which OCS Operations was supposed to have held in trust.
The Irish Times reported over the weekend that up to 50 concession holders could share about €500,000 in compensation under a plan drafted by the newly appointed liquidators.
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