Sasha closes its doors in Tullamore

This week brought bad news for local commerce as fashion chain Sasha has shut its doors, as the collapse in retail spending continues to bite locally. Three hundred jobs have been shed nationwide with the liquidation of ladies" fashion company Sasha, who have an outlet on Patrick Street in Tullamore. The firm had debts of €9.84 million on its books in October. Last November the unlimited company behind the chain, Denholme, went into interim examinership to 'facilitate proposed new investment from a number of interested parties'. However, the new investment failed to materialise and staff representatives were briefed on the closure of the 42 stores around the country on Tuesday afternoon. David Carson of Deloitte has been appointed liquidator to Denholme in the High Court, an appointment which followed his work as examiner and interim examiner of the company, first established back in 1982.