A weekly look at the world of business and personal finance with George Lee
Our meat processing industry remained in the headlines this week, with the news that Tesco, Burger King, Asda and the Co-Op supermarket chain in the UK all dropped their contracts with Silvercrest Foods in Co. Monaghan. The Burger King and Tesco deals alone were worth €45 million. It's a massive loss for Silvercrest Foods, and it puts a big question mark over the viability of many jobs in the area. To discuss the implications, we're joined by Barry O'Halloran from the Irish Times, and Pat Burke, a partner at Grant Thornton.
The Celtic Tiger may well be truly dead and gone, but there's a Siberian Tiger that's very much alive and on the prowl. Wealthy Russians have shown quite an appetite for buying up Irish-owned overseas properties and also some property here. Colin Horan from ExtraSales is hoping to capitalise on this Siberian interest.
Have you ever heard of love money? That's when family and friends invest in a loved one's business. And apparently there's quite a bit of this love-based investment going on in Ireland right now. A report this week from the Ryan Academy at DCU said that Irish people are investing almost €200 million per year in this area. We're joined by two beneficiaries, Louise Grubb, founder and Managing Director of Nutriscience and Karen Daly, co-founder of SlenderChoice based in Dundalk. We're also joined by Family Business Ireland Director JJ O'Connell.
Keith Andrews is most famous for his exploits on the football pitch but he has decided to dip his toes into the much more fragrant world of fashion. He tells us about Chess Clothing London.
There's no shortage of bad news in the retail sector. This week it was the turn of B&Q to go into examinership. But what about our shopping streets which have had to constantly reinvent themselves, despite five years of set backs. Over the next few months we'll be looking at some of the most diverse. Colette Kinsella begins our street search with Oliver Plunkett Street in Cork.