Selfridges buys Dublin department store Arnotts
Luxury department store operator Selfridges announced on Monday the acquisition of Arnotts, one of Ireland’s oldest and largest department stores, from Fitzwilliam Finance Partners for an estimated £70m.
Located on Dublin’s Henry Street – one of the busiest shopping thoroughfares in Dublin’s city centre – Arnotts joins other upmarket department stores in Selfridges’ portfolio, which also includes Brown Thomas in Ireland, Holt Renfrew in Canada, Selfridges & Co in the UK, and de Bijenkorf in the Netherlands.
The multi-category retailer, selling womenswear, menswear, footwear, childrenswear, homewear, beauty, jewellery and accessories, was founded in 1843 and spreads over 267,000 ft².
Selfridges Group, owned by Canadian entrepreneur, Galen Weston and his Irish wife Hilary Weston, plans to invest significantly in the Dublin department store, adding new premium brands to its offering and upgrading the shopping experience. However, “Arnotts will continue to preserve its own unique and much loved identity,” said the holding.