Avoca Handweavers ratcheted up more than 4 million in restructuring and related costs in its last full year ahead of its sale to US contract catering giant Aramark.
The food and lifestyle luxuries retailer, which was formerly owned by the Pratt family, employs more than 800 people across 12 locations in Ireland.
The company fell into the red in the 12 months to end January 2016, recording a 1.6 million pretax loss as against a 2.03 million profit a year earlier.
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