Business
Cornstore Group enters 2024 with renewed strength as 200 jobs are saved
Padraic Frawley continues to head up the Cornstore Group, following a period of management by his executive team, Mike Ryan, Linda Frawley, Chris O’Meara and Caroline Ingle, as the group tackled the recent challenging period of administration head-on. Pic. Brian Arthur
Up to 200 jobs saved as The Cornstore Group exits examinership with founder Padraic Frawley vowing to invest in the company
Up to 200 jobs have been saved in Limerick and Cork as The Cornstore Group exits examinership with founder Limerick’s Padraic Frawley vowing to invest in the company.
Comprising the much-loved Cornstore and Coqbull restaurant chains with locations in Limerick and Cork, the group made the announcement on social media, posting to Twitter, “Padraic Frawley Founder and CEO tackled the recent challenging period of administration head-on emerging w/ new funding and strategic restructuring, the group has regained stability and now enters 2024 w renewed strength.”
Established in 2000 with Aubars in Limerick, the group opened Cornstore restaurants in Cork in 2007 and in Limerick in 2008, which was followed by Coqbull with locations in Cork since 2014, with two locations in Limerick City Centre and Castletroy in 2015 and 2019.
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Padraic continues to head up the Cornstore Group, following a period of management by his executive team, Mike Ryan, Linda Frawley, Chris O’Meara and Caroline Ingle, as the group tackled the recent challenging period of administration head-on.
Emerging with newfound funding and strategic restructuring, the company has regained stability and has retained over 200 staff, some of whom have been with the groups since they opened.
The group has received much support since making the statement, with Cllr Olivia O’Sullivan saying, “I am delighted the future of the Cornstore and Coqbull restaurant group is secure and 200 jobs saved following the examinership.
“I am relieved for all involved, Limerick’s Thomas Street would not be the same without you! Great news for the staff and management, customers and Limerick City.”
In November 2023 it was announced the High Court had appointed an interim examiner to companies operating under The Cornstore Group, but today’s welcome news will offer relief to the staff who would have been impacted by the news.
Padraic commented, “As we mark over 24 years in operation, we look forward to the next decade and beyond, I would like to thank the local communities in both Limerick and Cork for their never-ending support.”
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