Sunday Business Post:
Brody Sweeney, the founder of O’Brien’s Irish Sandwich Bars, is in talks with creditors and minority shareholders this weekend over the future of the sandwich chain in Ireland.
Sweeney is attempting to restructure his company’s finances and has engaged a number of corporate advisers.
It is understood that the businessman is considering bringing a High Court petition to have the company put into examinership in the coming days. O’Brien’s has been in business for 21 years and has 110 franchised outlets in Ireland and a further 190 in Britain, Asia, the Middle East and Canada.
The British business went into administration two weeks ago, with a number of its franchisees struggling to pay their rents.