Business
Brown Thomas Arnotts ‘not affected’ by insolvency of co-owner, company says
Irish retailer Brown Thomas Arnotts has reassured shoppers that its businesses won’t be affected by the insolvency of its Austrian co-owner
Brown Thomas Arnotts has assured shoppers that its businesses would not be affected by the insolvency of its Austrian co-owner.
The Business Post reported on Wednesday afternoon that Signa had filed for insolvency after a last-ditch attempt to raise emergency funding failed.
“The news today on Signa Holding does not change anything for Brown Thomas Arnotts as we trade independently of any support from shareholders,” a spokeswoman from Brown Thomas Arnotts said.
She added that Central Group becoming a majority shareholder earlier this month clearly demonstrated its support for the business.
