Ernst & Young, Joint Receivers of Ireland’s leading film retail and rental brand, Xtra-vision Limited, have today completed the sale of the business and its assets to a number of companies backed by Hilco Capital Ireland Limited for an undisclosed sum.
The sale of the business includes the business, stock and head office in Tallaght, helping to safeguard jobs across the island of Ireland and securing a future for the Xtra-vision brand.
Joint Receiver Luke Charleton said: “In what has been a very challenging time and volatile climate for retailers, it is particularly pleasing to have completed the sale of Xtra-vision, one of Ireland’s strongest retail brands and protecting jobs across the island of Ireland. It provides a solid financial footing on which the business can be taken forward and we wish Hilco Capital Ireland Limited and Xtra-vision every success with the business in the future.
He continued: “The brand Xtra-vision is well recognised and well respected by customers. We are extremely grateful for the support and loyalty showed by all employees and customers during what has been an uncertain time, and would like to thank everyone at Xtra-vision for their commitment and hard work during the receivership process.”
