Changes in structure of Dunnes’ trust

OUSTED Dunnes Stores boss Ben Dunne said the changes in the structure of the family trust disclosed yesterday “opens up a lot of possibilities, good and bad” for the group.

What those are “I’d say the family doesn’t even know themselves” at this stage, he said.

Potentially, could it mean the sale of the €2 billion retail chain under intense pressure from Lidyl and Aldi on the food side and Pennys in the clothing sector? Mr Dunne answered: “I don’t know.” Market sources dismiss the sale or takeover speculation about the family business, now in its third generation of Dunne ownership.