Brown Thomas and Arnotts may be sold amid £4bn takeover bid
The Weston family, which also owns Selfridges, has been approached by an unnamed buyer
Brown Thomas and Arnotts could be sold as part of a potential £4 billion takeover of retail assets including Selfridges, the Business Post understands.
The unsolicited approach from an unnamed buyer has prompted the Weston family to consider its options in relation to a surprise sale of its high-end retail portfolio in Ireland and Britain, according to someone familiar with the situation.
Credit Suisse is expected to be appointed formally to deal with...
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