Workers look for answers over fears of Arnotts sell off

FEARS of a bargain basement sale of department store Arnotts have left workers at the iconic retailer demanding answers from its new bank owners.

State-owned Anglo Irish Bank and Ulster Bank are set to take over the debt-ridden department store but there is speculation that at least one major retailer is lining up to purchase the Dublin business.

The banks had backed the store’s expansion until it was put on hold.