date:Nov 30, 2012
Ireland-based retailer Dunnes Stores is facing a wind up petition over sunnesnon-payment of about 21.6 million for a shopping centre development in county Kilkenny. The retail chain is facing uncertainty after it failed to pay the money to development company Holtglen Ltd, which is now insolvent with loans gone to the National Asset Management Agency (NAMA).
Dunnes chief Margaret Heffernan said the business is robustly solvent but is unwilling to pay the fees to Holtglen Ltd on several grounds,