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THE COMPANY BEHIND doughnut chain Aungier Danger is headed for liquidation – but the firm’s owner says the business “isn’t going anywhere” and it will expand nationally in the near future.
Last week, a notice was issued that creditors of ADPC Retail Limited, which is listed in company filings as owning the Aungier Danger business name, would hold a meeting in early June ahead of the proposed appointment of a liquidator.
One of the doughnut brand’s outlets in Dublin, on George’s Street, has been closed for an extended period while another, on Merrion Row, opened in October but shut again not long after its launch.
ADPC Retail is owned by Aungier Danger founder Phil Costello, who told Fora today that his business is “not going anywhere” despite the liquidation.
He added his doughnuts would be on sale at the Forbidden Fruit festival this weekend and he planned to announce a nationwide expansion in the near future.
Costello said that ADPC Retail Limited is the “previous firm behind” his doughnut store chain, however he declined to name the company that would continue to operate with the brand.
The latest filings for ADPC Retail, which was incorporated in October 2016 but is yet to lodge annual accounts, list the company as Costello’s sole directorship. However he told Fora the company due to be wound up was just “one element of the business”.
Doughnut boom
Aungier Danger was founded by Costello in 2015 with an initial store on Dublin’s Aungier Street, which has continued to trade.
A second outlet was later opened on George’s Street, however that store has been shuttered for several months. Aungier Danger also ran pop-up stores in Arnotts on Henry Street and in Dundrum Shopping Centre.
Last month, the firm began trading on food delivery service Deliveroo and continues to sell on the platform.
Aungier Danger was one of several doughnut brands to spread expand across Dublin and elsewhere in Ireland in recent years.
In an interview last year, Lisa Quinlan, who owns the rival Rolling Doughnut chain, told Fora she thought Dublin had hit ‘peak doughnut’.
Written by Killian Woods and posted on Fora.ie
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He’s another Bertie… Getting out in the nick of time before the shit hits the fan!!!!
I agree, the similarities are striking.
I thought It had already hit !
Apparently France is next ! ! Light the blue touch paper and stand well clear.
No, it’s Spains turn. France will have to wait ’till after Christmas.
Id love to see the look on Merkel hatchet face today….. Firstly, her smug grin in hearing Silvio is gone….then seeing it change to shock when she realises France could be worse than Portugal….. Oh, to be a fly on the wall!!!!
Will Sarkosy get his marching orders as well when France comes under pressure?
An unelected puppet , who happens to be a leading member of the Bilderberg Group, is set to be installed. No wonder IMF and markets are delighted – less of that pesky democratic election stuff to get in the way of the real business….
Considering the scale of the debt in these countries makes us look good !
Afraid not. Although Italy’s public sector debt is huge, their private sector debt (household borrowing) is exceptionally low and their budget deficit is also very manageable. Contrast with Ireland, we have high (though not yet very high) public sector debt, absolutely enormous private sector debt and a huge budget deficit.
Public sector debt is only a problem for us because it is growing as a proportion of GDP. Hard to grown GDP when private sector debt is so huge as people need to pay down their debts rather than spend. This is why it’s nonsense when Michael Noonan says he needs to get people spending again. How exactly……?
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