Overview
- The group behind Parcel Connect, Fastway Couriers Ireland and Nügo confirmed the receivership after sustained inflation and price pressures.
- Partners Mark Degnan and Brendan O'Reilly of Interpath Advisory were appointed as receivers.
- The company warned of delivery delays and said the receivers will work with retailers to minimise them.
- Hundreds of roles across franchisees, subcontractors and solo operators could also be affected.
- Staff were notified of the receivership, and no buyer or restructuring plan has been announced.