Arnotts Has Just Been Bought By A Canadian Billionaire

Galen Weston has taken over yet another Irish department store

arnotts-main

It's been announced that the iconic Irish store Arnotts has just been taken over by the Selfridges Group.

Selfridges Group is owned by Canadian billionaire Galen Weston, who added the Irish institution to his already burgeoning retail empire. This news comes shortly after another quintessentially Irish business, Tayto Crisps, was sold to a German company.

Arnotts made the announcement on Twitter yesterday.

Brown Thomas was already part of Weston's company, meaning that Selfridges Group now controls two of Ireland's leading department stores.

However, this change in management should not negatively impact the department store; in fact, the chairman of Selfridges Group is dedicated to upgrading it. Weston said,

Our priority will be to build on the legacy of this great Irish brand and we will look to enhance the customer experience while cherishing Arnotts unique heritage, which has been an essential part of Dublin’s retail landscape for over 170 years.

Selfridges Group now consists of Arnotts and Brown Thomas, Holt Renfrew in Canada, Selfridges in the UK and de Bijenkorf in the Netherlands.

READ NEXT: Tragic News As Tayto Crisps Is Now In The Hands Of German Owners

Written By

Seán Kenehan

Seán is known for eating, drinking and writing, making him uniquely qualified to work for Lovin Dublin. Seán enjoys skipping stones wistfully, puns that'd make a dad blush, and referring to himself in the third person.

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