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Ben Peat and Ken Peat outside the Parnell Street branch as it re-opened today Laura Hutton/Photocall Ireland

It's back: Peats reopens its doors in Dublin

After 78 years in business, the electronics store closed its 11 branches earlier this month – but today it reopened its Parnell Street branch.

DUBLIN ELECTRICAL CHAIN store Peats World of Electronics has re-opened its doors today, just weeks after it had closed its eleven branches and announced plans to go into liquidiation.

The family-owned company said earlier this week that a “wave of goodwill” from customers and suppliers had allowed it to continue in business.

The flagship Parnell Street store re-opened this morning, selling stock from the stores which closed on 23 April at discounted prices. The store plans to re-establish itself with a lower cost base and a restructured business.

Chairman Ben Peat said it was an “emotional but good day”.

The phones have been hopping and people were queuing around the block well before we officially opened. We’ve been blown away by the positive reaction we’ve had from customers, staff and suppliers. The support we’ve received has been nothing short of phenomenal.

The company hopes that a successful re-launch in Parnell Street will lead to the re-opening of its other stores in Dublin.

(Customers in Peats on Parnell Street this afternoon. Photo: Laura Hutton/Photocall Ireland)

“Clearly the Peat’s brand resonates with people and it’s great that we’re still in business after 78 years, and we plan to be around a lot longer,” said Ben Peat.

The Rathmines branch of the store is also due to open shortly. The company has been able to seek a petition to the High Court to enter into examinership, which will allow the business to resume trading.

‘Wave of goodwill’ sees two Peats electronics stores saved >

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    Jul 6th 2012, 10:43 AM

    Thats one cool car in the first pic

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    Jul 6th 2012, 10:54 AM

    Starsky & Hutch minus the stripe…

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    Mute Glen Marsden
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    Jul 6th 2012, 11:06 AM

    Starsky and Hutch drove a Ford Gran Torino. Car in the picture is a Dodge Challenger.

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    Jul 6th 2012, 1:37 PM

    It’s a big fire!

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    Jul 6th 2012, 1:02 PM

    Its a Dodge Charger..

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    Jul 6th 2012, 4:33 PM

    Of course, this had to happen on the one day it DIDN’T rain

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    Mute Ultramann
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    Jul 6th 2012, 5:09 PM

    Look at those deadly toxic fumes bellowing into the sky. If this were anywhere else in Europe it would declared a 5 alarm chemical fire disaster with EPA officials on scene offering evacuating and offering advice and info through the airwaves and online media. Here we just laugh. While you are busting a gut.. were any schools or hospitals down wind? After all it is NAAS so there are people all around the area.

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    Jul 6th 2012, 1:54 PM

    Glen did you just thumb down me?……grrrrrrrrrrrrr

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    Mute Barry Doyle
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    Jul 6th 2012, 5:19 PM

    Impressively frightening photos.

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