Episode Details

Rathwood, the beleaguered home and garden business in Carlow, is getting a second chance after its rescue plan was approved by the High Court. Facing over 21 million euros in debt and entering examinership last April, Rathwood now has new investors and management to steer it back on track — with all 62 employees staying on board. While one creditor challenged the fairness of the plan, the judge ruled they weren’t unfairly harmed. He also raised concerns about past mismanagement and noted that approving the plan shields potential wrongdoers from liability — though no wrongdoing has been proven. Still, prioritizing job retention and business continuity, the judge greenlit the rescue, and the Keogh family directors agreed to step down for five years.

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