Easons restructuring depends on property market – The Irish Times

These are interesting times for Irish books retailer Eason, which this week asked the High Court to formally approve its plan to pay a 60 million special dividend to shareholders.

The grand old retailers plan is to free up close to 100 million in capital by completing the sell-off of a 13-strong portfolio of properties, including some of its own stores that would be sold on a sale-leaseback basis.

If approved by the court, the scheme, devised by chairman David Dilger and managing director Liam Hanly, would see it reduc…

Read the full article at: https://www.irishtimes.com/business/retail-and-services/eason-s-restructuring-depends-on-property-market-1.3790259

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