The High Court has confirmed the appointment of an examiner to Debenhams retail chain in Ireland.
More than 1,400 staff are directly employed by the retailer while 500 concession staff and 300 cosmetic staff also work in the company's 11 stores.
Earlier this month Debenhams Retail (Ireland) Ltd sought examinership because of consistent losses sustained since the recession in 2007 and after the withdrawal of support of its UK parent company, Debenhams Retail plc.
Kieran Wallace of KPMG was appointed interim examiner, after the court was informed the company has a reasonable prospect of survival if certain steps are met.
The conditions include court protection and the approval of a survival scheme with the company's creditors.
That would involve reducing costs, including rent costs which the company says are well above market rates.
The company represented by Rossa Fanning Bl said it has incurred losses of €22.6m in the last three years.
While revenues have increased in 2015 and 2014 it continues to be loss making in the current year.
The matter returned before Mr Justice Brian McGovern today, who confirmed Mr Wallace as examiner.
Mr Wallace now has up to 100 days to put together a scheme of arrangement with creditors, which if approved by the High Court will allow the company to continue to trade as a going concern.
There were no objections to the application. However lawyers for Dooroy Ltd, the landlords of Debenhams' stores in Henry Street in Dublin and Patrick Street in Cork, expressed some concerns about the examinership.
