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Ramona and Canice Nicholas to get €400,000 in Cara pharmacies exit deal

Former RTÃ Dragonsâ Den presenter Ramona Nicholas and her husband Canice Nicholas are to receive a total of â¬400,000 as part of a deal in their exit from the Cara Group of pharmacies, a High Court judge was told.
Mr Justice Denis McDonald said, while he was âtroubledâ by what had happened, and by the amount of the payment â which the couple had wanted to be kept confidential â he had concluded it had not unfairly prejudiced interested parties, particularly creditors.
Part of the sum is â¬29,000 in redundancy payments to each of them with the remaining â¬342,000 representing an âex gratia payment on the termination of their employmentâ and to include non-compete clauses. ....

Ramona Nicholas , Justice Denis Mcdonald , Justice Mcdonald , Canice Nicholas , Renrew Ltd , Cara Group , High Court , Dragon Den , ரமோனா நிக்கோலஸ் , நீதி டெனிஸ் மக்டொநல்ட் , நீதி மக்டொநல்ட் , கேனிஸ் நிக்கோலஸ் , காரா குழு , உயர் நீதிமன்றம் , டிராகன் டென் ,

Former Dragons Den presenter and husband to receive total of €400,000 as part of pharmacy group exit deal

Former Dragons Den presenter and husband to receive total of €400,000 as part of pharmacy group exit deal
independent.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from independent.ie Daily Mail and Mail on Sunday newspapers.

Ramona Nicholas , Justice Denis Mcdonald , Canice Nicholas , Renrew Ltd , Cara Group , High Court , ரமோனா நிக்கோலஸ் , நீதி டெனிஸ் மக்டொநல்ட் , கேனிஸ் நிக்கோலஸ் , காரா குழு , உயர் நீதிமன்றம் ,

Dragons' Den star Ramona Nicholas wants exit deal from Cara pharmacy group kept secret

Dragons’ Den star Ramona Nicholas and her husband Canice are seeking to keep secret the terms of an agreement that will see them leave the Cara pharmacy group.
A survival scheme for the struggling business was approved by the High Court yesterday after new investors were found. This will safeguard 150 jobs and lead to €14m being invested.
But the couple, who established the Cara chain in 2002, will be exiting the business after negotiating an employment termination agreement with investors Renrew Ltd.
It emerged in court yesterday they do not want the details of the agreement disclosed.
The group went into examinership last September following an application from main creditors Elm Corporate Credit. The court heard at the time the business had been loss-making every year since 2016 and was insolvent. ....

Ken Tyrell , Ramona Nicholas , Justice Mcdonald , Justice Denis Mcdonald , Renrew Ltd , Cara Pharmacy Group Unlimited Company , High Court , Dragon Den , Elm Corporate , Revenue Commissioners , Neil Steen , Mrs Nicholas , கேன் டைரல் , ரமோனா நிக்கோலஸ் , நீதி மக்டொநல்ட் , நீதி டெனிஸ் மக்டொநல்ட் , காரா மருந்தகம் குழு வரம்பற்ற நிறுவனம் , உயர் நீதிமன்றம் , டிராகன் டென் , எல்ம் பெருநிறுவன , வருவாய் ஆணையர்கள் , நீல் ஸ்டீன் , திருமதி நிக்கோலஸ் ,

Court indicates it will OK Cara examiner scheme

The High Court will approve a survival scheme for the Cara group of pharmacies in the New Year if the examiner can provide a full picture of the company s situation.
Mr Justice Denis McDonald indicated on Friday that the court would approve an examiner s scheme of arrangement for the group, if examiner Ken Tyrell can produce a supplemental report adding to a proposal for restructuring and new investment.
The group, whose controlling shareholders are former RTE Dragons Den presenter Ramona Nicholas and her husband Canice Nicholas, has 13 stores and 141 employees.
It suffered pre-tax losses of €4.6m between 2016 and 2019 and the main creditor, Elm Corporate Credit, is owed €14m. ....

Ken Tyrell , Ramona Nicholas , Justice Denis Mcdonald , Canice Nicholas , High Court , New Year , Elm Corporate Credit , Elm Corporate , Mrs Nicholas , கேன் டைரல் , ரமோனா நிக்கோலஸ் , நீதி டெனிஸ் மக்டொநல்ட் , கேனிஸ் நிக்கோலஸ் , உயர் நீதிமன்றம் , புதியது ஆண்டு , எல்ம் பெருநிறுவன கடன் , எல்ம் பெருநிறுவன , திருமதி நிக்கோலஸ் ,