Business

It would be like losing Macy’s. Clerys, the iconic Dublin department store, will remain in business after a Boston-based equity group, Gordon Brothers, acquired the company’s flagship store on O’Connell Street. The 147 staff at the store will be retained under existing terms and conditions as a result of the acquisition....

EU officials are still pondering it, Irish government officials appear opposed to it, and not a few fans of Aer Lingus are worried by it. But the pursuit of the former Irish flag carrier by budget airline Ryanair is still very much on. And Ryanair chief executive Michael O’Leary says he is still hopeful that the...

Times might be tough but when you are crafting art for posterity it’s not the same as a cellphone: cool today, obsolete tomorrow. So Belleek Pottery’s latest creation is one for the ages – literally. The Fermanagh-based company with the globally recognized name has just released its most expensive piece ever, the...

By Maura Kelly On a recent, balmy Wednesday evening, Alan T. Ennis, President and CEO of Revlon, Inc. joined members of the Irish Business Organization (IBO) to talk about his role at the global cosmetics giant and to share some strategies for professional achievement, writes Maura Kelly. According to the Dublin-born...

If you bought a house in Dublin five years ago, tough luck. That year was the peak of the property bubble. House prices in the Irish capital are now running at 56 percent lower than that eve of the big bubble bust Dublin apartment prices, meanwhile, are now 63 percent lower than in 2007 while in the rest of the...

Fianna Fáil is calling on the Fine Gael/Labour government to sideline the introduction of the property tax, due to be introduced next year, charging that the government has “made an utter mess” of the issue. A property value-based tax is set to be introduced from January 2013, although no details have been decided as...

The European Com­mission is to carry out an “in depth investigation” into Ryanair’s bid for control of Aer Lingus. The commission has long- fingered a decision on the application until January 14, 2013. As a result, Ryanair’s takeover bid for Aer Lingus will be allowed to “lapse” but could be renewed if regulatory approval...

The Emerald Isle Classic was about a lot more than football. For one thing it was a curtain raiser to the Gathering, the Irish government’s ambitious effort to lure the Irish diaspora to Ireland’s shores next year in record numbers. The Notre Dame versus Navy game was also an opportunity to enhance transatlantic...

Cork businessman Leslie Buckley has been appointed chairman of the board of Independent News & Media at an extraordinary general meeting held in Dublin’s Conrad Hotel on Monday. The move will further consolidate the position in the company of billionaire businessman Denis O’Brien. Buckley is the vice-chairman of...

Hundreds of thousands of Irish homeowners have yet to register to pay the €100 household charge mandated by the government. But if many people are unhappy with the charge, they are likely to be even less happy with a new property tax that will come into force in 2013. Minister of Finance Michael Noonan has thus far...