It was announced yesterday that Selfridges Group has acquired Arnotts department store in Dublin from Fitzwilliam Finance Partners. 
 
Selfridges Group is committed to investing in establishing Arnotts as the premium department store in Ireland by enhancing the shopping experience for its customers, upgrading the store environment and introducing new premium brands across all categories. The Group claim that Arnotts will continue to preserve its own unique identity.
 
The Group aims to grow and expand Arnotts as an integral member of its award winning international portfolio of department stores including Brown Thomas in Ireland, Holt Renfrew in Canada, Selfridges & Co in the UK, and de Bijenkorf in the Netherlands. 
 
Managing Director of Selfridges Group, Paul Kelly said, "Selfridges Group is delighted to be taking over the management of Arnotts department store. We have an excellent track record leading retailing in Ireland. Arnotts will benefit from our global retail experience and continual investment.

"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."
 
Founded in 1843, Arnotts is one of Ireland’s oldest and largest department stores, occupying a prime location on Henry Street, one of the busiest shopping thoroughfares in Dublin’s city centre.
 
Source: www.businessworld.ie