MURPHY'S WORLD OF WONDER CLOSES ITS DOORS IN FERMOY
Murphy’s World of Wonder, one of Ireland’s oldest family businesses, has gone into liquidation with the loss of jobs across its four Cork branches including Fermoy, writes Susan Caplice.
A total of 30 full and part-time jobs now face the axe with the closure of the four stores in Fermoy, Mallow, Cork city and Midleton. Owner, Gerald Murphy said that the company had been placed in voluntary liquidation.
In a statement, the company’s managing director blamed the decision on the state of the economy, lack of access to credit from banks and suppliers and the high costs of running a business.
Founded in 1929 after the Great Depression, Murphy’s World of Wonder in Cork traded successfully through World War Two and endured the economic woes of the 1940s and 1950s.
Cllr Noel McCarthy said he was very sad to hear the Fermoy branch had closed, “We must address the problems that businesses are facing in the current climate. There is no incentive for any new businesses to come to Fermoy and that must change. Hopefully, through the town council and the FBAG, we can entice people to come and set up new businesses in the town, and I sincerely hope the staff that lost their jobs get their entitlements without delay.”
The proprietor of the shops, Mr Gerald Murphy, thanked his staff and customers for their support over the years and said they would like to look at this decision not as ‘a stop’ but more ‘a pause’ as they look at the options open to them in the future.
Thursday 10th March 5:27pm