Clerys

Clerys
Private company
Industry Retail
Genre Department Store
Founded May 1853
Founder Michael J Clery
Defunct 12 June 2015
Headquarters Dublin, Ireland
Key people

Dominic Prendergast

Simon Smith
Products Quality & luxury goods
Revenue €21.9 million (2011)
Owner Gordon Brothers Europe
Number of employees
 350
Parent Clerys
Website www.clerys.ie (Archived from 2014)

Clerys was a long-established department store on O'Connell Street in Dublin, Ireland, a focal point of the street.

The business dates from 1853, however the current building dates from 1922, having been completely destroyed in the 1916 Easter Rising. Clerys completed a five-year restoration programme in 2004 at a cost of €24 million.

Ownership

The history of Clerys began in May 1853 when Mc Swiney, Delany and Co. opened ‘The New or Palatial Mart' on the site of the present store in what was then Sackville Street. In 1883, the premises was taken over and renamed by M. J. Clery (d.1896), a native of Bulgaden, Co. Limerick.[1] William Martin Murphy was also involved in the business.

Clerys was bought out of receivership in 1941 by Denis Guiney (1893-1967)[2] for £250,000. The receivers were Craig Gardner & Co. Denis Guiney died in 1967 and his widow, née Mary Leahy, continued to be Chairperson until her death on 23 August 2004 at the age of 103 years.[3]

Clerys was placed into receivership on 17 September 2012. Receivers Paul McCann and Michael McAteer of Grant Thornton said the store’s future could be secured.[4]

Closure

Kieran Wallace and Eamonn Richardson were appointed joint provisional liquidators to OSC Operations Limited (the "Company") trading as Clerys, on 12 June 2015. The company ceased to trade with immediate effect. [5] Staff were given 30 minutes notice to pack up and leave - some had worked there for over 40 years. Clerys (the company) Sold for €1.00, the building itself sold for €29 million to the Natrium investment group.

Clerys Clock

A large clock with two faces hangs above Clerys' central doors on O'Connell Street (opposite the statue of Jim Larkin). "Under Clerys' clock" is a well-known rendez-vous, both for Dubliners, and visitors from the countryside,[6] and is famous in the city's culture as a place where many romances begin.[7][8] In 1990, on the fiftieth anniversary of Denis Guiney taking over the store, a new clock was installed.[9]

See also

References

  1. ↑ Aoife Reilly (1997) CLEARY'S GRAND OPENING SALE 1940 'CHRISTMAS STOCKS AT BARGAIN PRICES'
  2. ↑ P. Costello (2008) Denis Guiney (UCD)
  3. ↑ Sunday Tribune obituary
  4. ↑ "Clerys put into receivership". The Irish Times (Irish Times Trust). 17 September 2012. Retrieved 17 September 2012.
  5. ↑ "Protest over Clerys sudden closure under way". RTÉ. Retrieved 16 June 2015.
  6. ↑ Mac Domhnaill, Dáibhí (Winter 2005), "Renewing the High Street" (PDF), Landscape Ireland: Nuachtlitir Oifigiúil Institiúid Ailitirí Tírdhreacha na hÉireann: 12, retrieved 2010-04-06
  7. ↑ "Under Clery's Clock" is also a 1989 song by The Radiators
  8. ↑ Micheau, Ed (2006-06-11), Patient Suitors Wait Under Clerys' Clock, Sunday Business Post, retrieved 2010-04-06
  9. ↑ Reilly, Aoife (2005-Christmas), Clery's Grand Opening Sale 1940 "Christmas Stocks at Bargain Prices", www.news4.ie, retrieved 2010-04-06 Check date values in: |date= (help)

Further reading

Costello, P. (1992). The very heart of the city: The story of Denis Guiney and Clerys. (Clery and Co).

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