Ladbrokes has effectively filed for bankruptcy protection for its Irish retail business as it looks to restructure the struggling division in order to keep it afloat, confirming that redundancies are inevitable.
An examiner, the Irish equivalent of an administrator, will be tasked with reshaping the subsidiary, which the company says is “currently held back by real estate legacy issues.” The business has seen profits decline over several years, posting a loss after interest and tax of [...]
