Surprise €4.7Bn Bid Made For Arnott's & Brown Thomas Parent Company.

Friday, 11 June 2021 12:56

File image; Brown Thomas, Grafton Street, Dublin/RollingNews

Selfridges is mulling the unsolicited offer.

The parent company of Arnotts and Brown Thomas could be sold following a surprise bid of €4.7 billion .

The department stores' parent group Selfridges has received an offer to sell its entire business, including its Irish outlets.

Weston family appoint Credit Suisse to advise after unsolicited offer for group including Irish stores https://t.co/AQP4Ut3w34 via @IrishTimesBiz
— Irish Times Business (@IrishTimesBiz) June 10, 2021

It's understood the bid is under careful consideration.

Head of Equities at Davy Aidan Donnelly outlines who might be interested in buying the group.

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