Seventy-one years after it was taken over by Kerryman Denis Guiney and his family, the famous Clerys department store in Dublin was acquired by a US company yesterday.
The takeover safeguards almost 350 jobs at the O’Connell Street store, which will continue to trade as normal.
However, its sister shop, Guineys on Dublin’s Talbot Street, and the Clerys home furnishing stores in Leopardstown and Naas, have been closed with the loss of 29 jobs.
Boston-based private equity group Gordon Brothers acquired Clery & Co (1941) plc through a subsidiary called OCS Investment Holdings.
Meet you under the OCS Investment Holdings clock, so.
(Sasko Lazarov/Photocall Ireland)