Arnotts department store bought out by Selfridges

Dublin’s Arnotts department store has been officially bought out by Selfridges, owned by Galen Weston and his Irish wife Hilary Weston.

The transaction means that the Westons, who own the Brown Thomas group of stores in Dublin, Cork, Limerick, and Galway, will now own both leading department stores in Ireland.

The deal follows an agreement completed yesterday with Noel Smyth’s Fitzwilliam Finance Partners which had bought out the loans linked to the Arnotts store, surrounding properties and the Boyers department store in Dublin.