Monday September 28, 2020

Decision time on Henry Street: what next for Arnotts?

The rival owners of Arnotts are locked in talks this weekend in an effort to resolve the long-term shareholding structure of the iconic department store in Dublin city centre.

22nd March, 2015
Noel Smyth and his backers could take over the Arnotts landbank, while Apollo would take control of the iconic store Picture: Feargal Ward

Apollo, the US investment giant that controls half of the store, is hoping to strike a deal with the other shareholder, Fitzwilliam Finance Partners, an investment vehicle controlled by the solicitor Noel Smyth.

The two sides held talks on Friday, and further meetings are likely. One potential solution under active consideration would involve Apollo taking control of the shop, with Smyth and his backers assuming ownership of the adjacent land bank in the heart of...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Related Stories

The state’s National Cyber Security Centre is constantly dealing with suspected attacks and urgently needs more resources

Michael Brennan | 2 weeks ago

We are far less reliant on the UK as a trading partner now than in previous decades — our focus needs to switch to the many challenges and opportunities of the future

Neale Richmond | 2 weeks ago

Covid-19 and an economic crisis are exacerbating the trauma of this month’s explosion, writes a Concern worker on the ground

Dom Hunt | 1 month ago