‘Business as usual’ at Eason in Arklow
IT will be ‘business as usual’ for staff and customers as the Eason store in Arklow is set to join the company-owned store network.
Arklow’s Eason store is located in the Bridgewater Shopping Centre and is one of the stores currently operated on a franchise basis by existing franchisees, David Power and Tony Flanagan.
The move comes after bookseller Eason agreed terms to acquire the trade of six franchise-operated stores for an undisclosed sum. The deal includes stores located in Kilkenny, Clonmel, Balbriggan, Maynooth, Ennis and Arklow. The company has begun a consultation process with employees at the stores about the transfer of their contracts to Eason on the completion of the proposed transaction.
A spokesperson for Eason said the transaction ‘is subject to customary closing conditions, including due diligence, and is expected to close by the end of September 2019.
‘The proposed acquisition is consistent with Eason’s strategy of continuing to invest in its retail operations and will further strengthen its position as the destination of choice for book readers in Ireland.
‘The six stores are located in Kilkenny, Clonmel, Balbriggan, Maynooth, Arklow and Ennis and it will be business as usual for customers and staff following the proposed acquisition.’
The spokesperson for Eason continued ’as part of the acquisition process, a consultation process has commenced with the employees of the six stores about the transfer of their contracts of employment to Eason, on completion of the proposed transaction. The transfer will be undertaken on the basis that all existing terms and conditions will be maintained and all current positions will be retained.’
The proposed acquisition of the six stores would increase the size of Eason’s company-operated store network to 40 shops, of which seven are located in Northern Ireland.