INDUSTRIAL holding company Fitzwilton, owned by Tony O'Reilly and his brother-in-law Peter Gouladris, posted a €37 million fall in losses last year.

FITZWILTON, the holding company owned by Tony O’Reilly and his brother-in-law Peter Goulandris, tripled its losses last year after taking a €28 million hit on the sale of its stake in Safeway’s Irish stores.