Selfridges Group buys Dublin department store Arnotts
The Selfridges Group, owner of the iconic London store, has bought Arnotts department store in Dublin.
One of Ireland's oldest and largest department stores, Arnotts occupies prime location on one of Dublin's busiest shopping thoroughfares in Henry Street.
It was acquired on Monday from Fitzwilliam Finance Partners for an undisclosed sum.
The Selfridges Group is a the high-end UK retailer owned by Canadian entrepreneur and philanthropist Galen Weston and his Irish wife Hilary.
They own a portfolio of upmarket stores, including Brown Thomas in Ireland, Selfridges in the UK, Holt Renfrew in Canada and de Bijenkorf in the Netherlands.
But it does not seem likely that Arnotts will become a Selfridges store, instead continuing with its own identity.
“Selfridges Group is delighted to be taking over the management of Arnotts department store," Managing Director Paul Kelly said.
"Arnotts will benefit from our global retail experience and continual investment.
"Our priority will be to build on the legacy of this great Irish brand and we will look to enhance the customer experience while cherishing Arnotts unique heritage, which has been an essential part of Dublin’s retail landscape for over 170 years.”