Bookseller Eason is facing a legal action from the landlord of its landmark Shop Street branch in Galway, little more than a year after agreeing to sell the property for €7.5m in a so called sale-and-lease-back.
he case is understood to be an escalation of a rent dispute linked to the devastating effect on retailers including Eason of being forced to shut for three months at the height of the Covid-19 pandemic.
That loss of income is hammering even long-established players like Eason, one of Ireland’s biggest indigenous retailers. Eason has a 200-year history and employs more than 1,000 staff across divisions that include retail, wholesaling and distribution of books, newspapers and stationery. It has increasingly also pushed into online sales.
In July, Eason announced that it will not reopen its seven shops in Northern Ireland, which had been closed during the lockdown, but shops in the Republic have been
Continue reading this atricle at https://www.independent.ie/business/commercial-property/eason-facing-legal-action-from-owner-of-landmark-galway-branch-39484831.html