Big-name investors could see millions wiped out after East Coast Bakehouse examinership

Anne Heraty and Enda O’Coineen among the investors in the biscuit maker

Husband and wife team Michael Carey and Alison Cowzer in 2015. Photo: Jason Clarke Photography

The former Glanbia chairman Donard Gaynor and Business Post owner Enda O’Coineen are among those likely to see their investments in East Coast Bakehouse wiped out, after the Drogheda-­based biscuit maker entered interim examinership this week.

Enterprise Ireland declined to say if it expects to lose more than €2m it put into the business. The state agency said it will work with the examiner to explore the long-term future of the firm.

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