Press Up aims to reopen South King Street and Blanchardstown under a new restaurant brand within four to eight weeks, following recent closures.
Cheyne Capital took over Press Up, resulting in a significant reduction in the share of co-founder Paddy McKillen Jnr and the departure of co-founder Matt Ryan.
The joint receivers appointed by Cheyne failed to reach an agreement to keep Wagamama running in Ireland, impacting 106 employees in Portalon Ltd.
Press Up will consult with affected staff and hopes to redeploy as many workers as possible across its operational venues.
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