Nigel Blow: “It was very disappointing what happened with Ulster Bank,” Mr Blow said. “In fact, disappointed is an understatement.” Photograph: Aidan Crawley

Arnotts chairman Nigel Blow has told The Irish Times he was “disappointed and surprised” that Ulster Bank sold its €140 million loans in the departmen(...)

Fitzwilliam Finance Partners Ltd, an investment company led by solicitor Noel Smyth, has bought €140 million worth of loans owed by Irish retailer Arnotts to Ulster Bank.

Fitzwilliam Finance Partners Ltd, an investment company led by solicitor Noel Smyth, has bought €140 million worth of loans owed by Irish retailer Arn(...)

Arnotts chairman Nigel Blow: “They are a credible financial backer who operate within retail who have had an interest in Arnotts for a very long time.”

The board of Irish retailer Arnotts has secured a “credible”, London-based financial backer with retail interests around Europe to help it bid for its(...)

Arnotts’ management team faces stiff competition to acquire the IBRC loans with 
high-end 
UK retailer Selfridges also believed to be through to the second round of bidding.

The management team at Irish retailer Arnotts is believed to have secured a backer willing to bid for the retailer’s loans with Irish Bank Resolution(...)

Arnotts in Dublin. Trading remains difficult in spite of a significant investment in-store  in the past few years. Photograph: Alan Betson

Department-store retailer Arnotts has appointed Ray Hernan as its new chief executive. This role was previously filled by Nigel Blow, who became chair(...)

Arnotts’ other lender, Ulster Bank, is participating in the restructuring process. Photograph: Bryan O’Brien

Arnotts is working on a plan to restructure its €368.6 million debt. This includes securing a potential acquirer for the loans to the company held by (...)

Arnotts has received a makeover under Palladin’s watch with a number of new brands and concessions added to the mix. Photograph: Alan Betson

Boston-based Palladin Capital has been told that its three-year management contract at Arnotts will not be renewed when(...)