The winners and losers of Irish business in 2025: Tariffs, turbulence and turmoil
Some figures in Irish business rode the waves of tariffs, but some crashed beneath the tide
Cheyne Capital
Eclective to open its first new bar and restaurant since change of ownership at Press Up group
Hospitality group has signed a 15-year lease to take over the former Farrier & Draper venue on South William Street in Dublin 2
Dean hotels lost €8.8m in year before sale to investors
Paddy McKillen jnr and Matt Ryan sold majority stake in group last year
High Court appoints interim examiner to Workman’s Club operator
Court hears company has excess of liabilities over assets and is unable to pay debts
Eclective ditches previous Press Up plan to open a Stella Cinema in Bray
Eclective-operated Stella Cinema has venues in Rathmines and Ranelagh in Dublin
Press Up moves to secure employment of former Wagamama staff
Company reached agreement to open new concepts at two venues in time for Christmas but must retain staff to operate them
Cheyne does not want to be the long-term owner of Press Up
A budget-day reduction in the VAT rate back to 9 per cent for food service businesses would clearly be helpful
New Press Up owner Cheyne Capital plans to invest fresh funding in business
All venues will remain open with the exception of Wowburger on Parnell Street in Dublin
Hines and Peterson Group secure €80m refinancing deal for Central Plaza
Joint-venture partners obtain long-term investment loan from UK-headquartered lender, following full refurbishment of former Central Bank
Deirdre Foley was paid at least €7.6m from Clerys proceeds
Natrium sold department store to Press Up Entertainment for €63 million
Clerys liquidation could have two years left on the clock
According to filings by KPMG, liquidation to take 12-24 months to finalise
Private equity firm paid €3.7m by Clerys in run-up to sale
Payment recorded as ‘interest and fees’ was nearly six times larger than in previous year
Clerys owner exploits tax avoidance loophole
Majority of shuttered Dublin store owned by collective asset vehicle
State has six weeks to see if €29m sale of Clerys broke law
Officer appointed to examine deal is seeking documents relating to the transaction
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