Brown Thomas Arnotts was bought for €4.7bn in late 2021 in a deal that saw their parent company, Selfridges Group, acquired by a Thai and Austrian consortium
Brown Thomas and Arnotts have assured customers that the two retailers continue to operate as normal despite the stores’ Austrian part-owner, Signa, filing for insolvency.
The owner of Ireland’s two largest department stores filed for insolvency in Vienna after attempts to raise €600 million of short-term liquidity failed