The Elephant & Castle restaurant in Temple Bar, Dublin, one of the venues in the Press Up group. Photograph: Tom Honan
The size of Cheyne’s investment has not been disclosed. The Currency business website last week reported that Cheyne was owed €45 million by Press Up. The businesses that have been put into receivership are Elephant & Castle Ltd , Svetac Ltd , Portalon Ltd. , and Silots Ltd .Another 18 venues will operate outside the receivership process. These brands include Angelina’s, Captain Americas, Doolally, Isabelle’s, MacKenzie’s, The Grayson and Mama Yo restaurants, the Stella Cinema in Rathmines, and seven bars, including the Workman’s Club on Wellington Quay, the Vintage Cocktail Club in Temple Bar and the Foxhunter in Lucan.
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