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B&Q IRELAND HAS confirmed today that its Athlone store will remain open as it has secured improved lease terms as part of the examinership process.
The company said that the store will now return to normal trading and will remain open subject to a successful outcome to the examinership. The store in Athlone currently employs 45 people.
In January the home improvement retailer successfully filed a petition with the High Court seeking the appointment of an examiner. At the time it said it hoped to continue to trade in all nine stores across the country.
However plans are in place to close the Waterford store on 4 May and B&Q said today’s announcement would not affect this.
B&Q Ireland Limited remains in examinership. The ability of B&Q Ireland Limited to continue trading at any B&Q store is dependent on a successful outcome to the examinership.
The company said negotiations on the leases for the remaining seven stores in the Republic are ongoing.
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This is good news. Proof that the absurd upward only rents should be abolished across the board.
Some positive news for once , I’m sure the workers at B&Q of Athlone are delighted with the news !
Great news, some really helpful staff there. Glad I filled my boot last week when everything was 30%+ off though.
absolutely ecstatic as a worker in athlone store stressful few mths thoughts go out to the waterford store
NASH HAS IT IN ONE. ABOLISH UPWARD ONLY RENTS. NEVER HEARD SUCH A DUMB LAW. ONLY IN IRELAND. MARKET FORCES DETERMINE RENT. WAGES.PRICES.
LOUD NOISES!
YES BUT AT LEAST THEY ARE GETTING THEIR POINT ACROSS, I WOULD TOTALLY NOT HAVE READ IT HAD IT NOT BEEN IN CAPS
IM READING WITH MY B&Q EARMUFFS ON SO I DONT MIND THE CAPS
What
I knew the could do it, if the only B&Q’d it
B&Q is fairly pricey but for some reason alot of the drills are cheaper than any where else,the one here in waterford is still closing hard to see something else going in to replace it the unit is huge.
And trade looks like its been heaving there since the closure announcement too
Sunny day in Athlone, B&Q Athlone saved good news for a change.
Not so sunny for the other Irish owned DIY stores in the Midlands – the ones that had the brains not to over extend themselves with high rents. It is also not so good for the owner of the building who signed an agreement with a big multinational expecting them to honour it. We live in an economy where the weak and stupid are rewarded (broke banks etc.) and the responsible ones get the short straw. This is leading to an inefficient system that will slowly fall apart – it’s like watching a slow motion car crash.
They should close that and move south of the border where the REAL Irish people need jobs.
Very odd indeed
What?? South of the border?? You might wanna check a map, Athlone is ‘south’ of the border!
You don’t really know your geography do you?!!…
Thata boy francie now your talkin
Say what? Who slept through geography class then??!
That was for the geographically challenged Francie McNally.
I don’t troll often…. But when i do….
But when you do…you troll good. I hear you Francie!
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