Irish family toy business shuts after 80 years
One of Ireland's oldest family businesses went into liquidation yesterday with the loss of 40 jobs.
Founded 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.
It finally fell victim to the current financial crisis yesterday.
Owner Gerald Murphy said that the company -- founded in 1929 -- had been placed in voluntary liquidation.
A total of 40 full and part-time jobs now face the axe with the closure of the firm's four stores in Cork city, Mallow, Fermoy and Midleton.