Carl Scarpa to exit examinership later this monthTuesday 14 January 2014 23.20
Shoe shop retailer Carl Scarpa has announced 12 redundancies and two store closures as part of a plan that will see the retailer exit examinership later this month.
The company, which entered examinership in October of last year, will continue to operate 19 outlets across the country, employing 68 people in total.
Lease arrangements on a number of stores will be revised as part of the agreement, which has been approved by the High Court, while new capital will also be put into the company by investors.
That investment will be used to support Carl Scarpa’s concession store strategy and to boost the company’s online business.
In a statement the company’s directors, Keith and Stephen Moffitt, said they regretted the store closures and redundancies but believed the new plan left them “well positioned to grow store and job numbers in the years ahead”.
They said they were very grateful to their customers, creditors and staff for their support which had been “instrumental in protecting so many jobs and stores”.