The High Court have appointed a temporary liquidator to XtraVison. It is believed that the majority of 580 retail jobs will be lost. The company owners, Hilco Capital petitioned the court for the appointment of Mr Michael McAteer of Grant Thornton Ireland as provisional liquidator.
There are over 80 XtraVsion outlets across the Republic and Northern Ireland. Justice Paul Gillgan appointed Mr McAteer after being told the movie rental firms are insolvent and unable to pay their debts.