Corporate restructuring at Dunnes Stores now complete
Dunnes Stores has finished a major corporate restructuring process by assimilating 40 individual companies into a principal entity within the group.
The move comes just months after it became apparent that the secretive retailer has been undergoing significant change as matriarch Margaret Heffernan increasingly cedes control of the family business to her daughter Anne. The business is also run by Margaret Heffernan's brother, Frank Dunne (74).
Anne Heffernan (49) and Margaret Heffernan's niece Sharon McMahon (47) were both appointed directors of all Dunnes Stores companies last September.
Now filings at the Companies Registration Office show that the operations of 40 companies controlled by the Dunnes Stores group have been merged with an unlimited firm called Dunnes Stores (George's Street). The retailer's headquarters is based on South Great George's Street in Dublin.
The 40 firms have been merged with Dunnes Stores (George's Street) "by absorption" in a move approved last week.