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Mark Stedman/Photocall Ireland

B&Q Athlone store to remain open after negotiation on lease terms

The store currently employs 45 people and will remain open subject to a successful outcome to examinership.

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.

Related: Examiner appointed to B&Q Ireland>
More: Mandate seeks urgent meeting with B&Q management>

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