EMCC European Monitoring Centre on Change

Xtra Vision

Company/Organisation:
Xtra Vision

Geographic Location

Country: Ireland

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
47.6 - Retail sale of cultural and recreation goods in specialised stores
Number Employed: 580
Group: Hilco

Employment Effects

Announcement Date: 27-01-2016
Planned Job Reductions min: 580
Planned Job Reductions max: 580
Type of Restructuring: Bankruptcy
Employment Effect Start: 27-01-2016
Direct Dismissals: 580

Additional Information

Entertainment rental and retail company Xtra Vision has closed its stores with a provisional liquidator being appointed. The company employs 580 people in Ireland. All employment will be terminated but some staff may be able to transfer to other companies operated by parent company Hilco (such as HMV).

Xtra Vision has 72 stores left in the country. Hilco said Xtra-vision’s turnover in 2015 declined “very significantly and very suddenly” which led to it seeking formal wind up of the company at the courts.