Irish retailer Dunnes Stores is reportedly in advanced discussions with the owners of the Donnybrook Fair about a potential acquisition.
It is believed that the talks between the two retailers have been ongoing for some time and sources suggested they are nearing a conclusion, reports the Irish Times.
After an attempt to reportedly buy Avoca Handweavers, which Aramark bought in 2015, Dunnes later succeeded with a bid for the retail operations of the James Whelan chain of butchers that supplied Avoca.
Back In Profit
Donnybrook Fair which has six outlets in Dublin and Wicklow, is reportedly back in profit following the opening of its most recent store in Malahide, North County Dublin.
Recently published accounts for Donnybrook Fair Limited showed that the firm’s turnover increased by more than €3.7 million during the year to 31 January 2017.
Sales reportedly hit the €27.6 million mark during the 12-month period.
The firm attributed the increase of sales to 'its first full-year of business in Malahide'.
© 2018 Checkout – your source for the latest Irish retail news. Article by Donna Ahern. Click subscribe to sign up for the Checkout print edition.
