Sunday Independent (Ireland)

The book is mightier than the DVD, Eason shows

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WHAT a difference a few years make. After a torrid loss-making period, bookshop chain Eason successful­ly managed to restructur­e itself and is now trading profitably.

Fears of the demise of the book have been so far unwarrante­d. Word in the market is that growth in e-readers has plateaued and that there’s plenty of life in the printed page yet. That’s good news for Eason — a strong brand that customers like. Now it’s facing toward the future with a strategy known as Eason 2020.

But there was a time when it could have ended up in different ownership. I recently heard that distressed-asset investor Hilco had mulled a potential move for the business some years ago but nothing concrete ever materialis­ed.

Hilco did buy Xtra-vision, which was ultimately closed. It also owns HMV, whose Republic of Ireland stores have been shuttered. The book is mightier than the DVD it seems.

A NEW opening on O’Connell Street marked the end of an era last week. Last month the Kylemore Cafe closed its doors after 30 years on the north side thoroughfa­re to be replaced with a hipper alternativ­e, Soma.

But it’s not as fundamenta­l a change as might first appear — Soma is part of the KSG family, which stands for Kylemore Services Group. The company was founded in 1920 as a dairy but moved into baking and confection­ery, sparked by the success of selling cakes to fans hitting the streets of Dublin for the All-Ireland final one Sunday. The Kylemore Bakery took off, with the Kylemore cafe on O’Connell Street opening in 1987, followed by 14 more restaurant­s.

The bakery business closed in 2002 but the company, whose shareholde­rs now include DCC, has since prospered as a catering-services specialist. Most recent profits topped €1m. Fans of the Kylemore fry-up need not fret. Soma’s menu includes a full Irish breakfast — but in a sign of the times it also serves up granola and Portobello mushroom toast.

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