Irish designer Chupi Sweetman’s jewellery brand Chupi is to receive €3.75m investment from a mix of backers including Business Venture Partners (BVP), Abbey Finance and Permanent TSB (PTSB) to accelerate the brand’s global growth.
Liquidators at one of the firms at the centre of the Dolphin Trust scheme are suing the wealth management firm and directors who ran the failed investment venture.
Ten investors are being sued by a fund claiming they owe €2.4m on the 2009 refinancing of a Davy Stockbrokers-organised loan taken out towards the purchase of 11 tax designated apartments in Limerick.