The identity of the backers or partners involved in the Noel Smyth-led buyout of Arnotts is unclear, following the announcement that Apollo will sell out its stake for around €100 million.
The Brown Thomas and Selfridges-owning Weston family have been suggested as having an involvement in the deal, although neither Smyth nor the Westons’ representatives would comment.
While the narrative in recent weeks has been that the billionaire Livingstone brothers’ London & Regional (L&R)...
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