// Aldo winds down Irish business after stopping shipping orders and closing down its ecommerce arm in the country
// The Irish operation consisted of 4 stores in Dublin, including 1 at Dundrum Town Centre
Aldo has reportedly exited Ireland after ceasing shipping orders and closing its ecommerce site in the country amid plans to wind down its Irish business.
The news comes after the shoe retailer filed for creditor protection in Canada, the US and Switzerland.
The Irish operation consisted of four stores in Dublin, including one at Dundrum Town Centre, as well as an ecommerce division.
The Covid-19 pandemic has added to its woes, coupled with a decline in spending, and has left the business struggling.
A creditors meeting will be held via Zoom on May 22, where it is proposed that Damien Murran of RSM Ireland will be appointed liquidator, The Times reported.
Aldo said the decision was “necessary based on the impact of the Covid-19 pandemic,” as well as the unprecedented collapse in retail spending – which put “too much pressure” on the retailer.
Aldo joins a list of fashion retailers appointing liquidators in Ireland in recent weeks as the pandemic takes its toll on business.
Debenhams, Laura Ashley, and Oasis and Warehouse are some of the fashion retailers to have recently shuttered their Irish stores.