Business ETC uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Click here to find out more »
Dublin: 10 °C Sunday 19 May, 2013

Arnotts

# arnotts - Wednesday 26 December, 2012

From TheJournal.ie Retail

Christmas shoppers and sales up on 2011 says Retail Excellence Ireland

Good news for retailers from the evidence so far on St Stephen’s Day says the retail representative body.

# arnotts - Saturday 22 December, 2012

From TheJournal.ie Craft

Increase in demand for Irish-made products this Christmas

Stores and websites are reporting a strong interest in Irish craft and design products with craftspeople lowering their prices in response to the recession.

# arnotts - Thursday 28 June, 2012

From TheJournal.ie Children's Clothes

Penneys, M&S, Tesco and more sign up to code on children’s clothes.

The guidelines lay out rules for underwear, swimwear and footwear, as well as slogans and fabrics.

# arnotts - Wednesday 2 May, 2012

Reputation This post contains images

Google is Ireland’s most reputable company, while John Player, Quinn and AIB come last

Google, Kerry Group and Apple are top of the class when it comes to corporate reputation in Ireland.

# arnotts - Monday 26 December, 2011

From TheJournal.ie Daily Fix This post contains videos

The Daily Fix: St Stephen’s Day

In tonight’s Fix: Texas gunman was dressed as Santa Claus, China’s ghost estates and why Donald Trump has left the Republican party.

From TheJournal.ie Sales This post contains images

Black Monday? Hundreds queue up for St Stephen’s Day sales

Thousands of people have descended on Ireland’s shopping hubs hoping to pick up bargains.

From TheJournal.ie Black Monday? This post contains videos

When do the post-Christmas sales start?

Many retailers have once more chosen to open their doors on St. Stephens Day. TheJournal.ie has a roundup of dates and times of the post-Christmas sales.

# arnotts - Tuesday 10 August, 2010

TAXPAYERS IN BRITAIN AND IRELAND have taken majority control of the Arnotts department store after the European Commission gave its approval to the proposed takeover of the store.

Arnotts owes approximately €300m to Anglo Irish Bank and Ulster Bank, with state-owned Anglo claiming about 55% of the debt – meaning that the store owes about €37 to every man, woman and child in the state.

With Ulster Bank owned by Royal Bank of Scotland, which in itself is in public ownership in Britain, the remaining 45% of the company is now under British state control, with the company owing about €2.19 to each person resident within the UK.

The Commission yesterday gave the takeover its approval, saying the takeover would not impede fair retail competition.

Leading retail specialist Mark Schwartz, chief executive of Palladin Capital Group, is expected to be appointed chairman of the store’s new board, having worked closely with both the banks and the store in the last months.

The banks will likely make their appointments to the board in the coming weeks.

In a statement issued by Anglo last night the banks said they were “committed to Arnotts” and that they would not meddle in the day-to-day management of the store.

“They will not be involved in the management of the company but are taking the necessary steps to ensure that the company will be run by experienced professionals in the best long term interests of the staff, suppliers and importantly, its customers,” they said.

The trade union Mandate says it looks forward to working with the store’s new management.

# arnotts - Sunday 1 August, 2010

The Sunday Independent leads with a report issued by O’Connell St department store Clerys, which implicitly rubbishes the government’s claims to have successfully staved off the worst of the financial crisis.

It also reveals that golfer Padraig Harrington has lost about €4m he invested in a UK technology firm U4EA, while Dermot Desmond lost about €14.5m, according to its administrator’s latest figures.

Inside, Celia Larkin – the former partner of Bertie Ahern – says that the Galway Races are a much more enjoyable occasion without Fianna Fáil’s fundraising tent. Life magazine interviews Beyoncé.

The Sunday Business Post says that some of Ireland’s highest earners used a series of tax allowance loopholes to pay as little as 4% tax on their earnings in 2008.

It also reveals that Arnotts’ ill-fated expansion into the Jervis Centre cost it €40m, as the department store is forced to close off some arms because of its crippling €320m debt.

Inside it reveals that the rate of TV licence payments is down, according to An Post, while Ireland’s reputation as being a cinema-loving nation is under threat with attendances down 7% in the last six months.

Agenda magazine publishes extracts from a new novel recalling the moment the atomic bomb was dropped on Hiroshima.

The Sunday Tribune gives its front page to a secret HSE report which says that cutbacks in the health service pose a major safety risk to the elderly, the mentally ill, and mothers and babies.

It also tells how GAA fans have attacked the organisation for increasing the prices of ten-year premium tickets in Croke Park by 63% at a specially convened meeting of ticketholders during the week.

Inside it says that renovations works on Leinster House cost over €1m last year – mainly to keep the “crumbling 18th century residence” safe.

T2 magazine investigates the death of Phoebe Prince, the Clare teen who hanged herself after intensive bullying at her school in Massachusetts.

The Sunday Times leads with news that the bosses of commercial state companies are facing significant pay cuts, under new rules to be announced by Brian Lenihan in the autumn.

It also carries the slightly offbeat story that the German ambassador to Ireland has demanded that RTÉ relocate the set of Fair City, because work on the set wakes him up in his nearby Donnybrook home.

Inside it asks whether WikiLeaks editor Julian Assange is a freedom fighter or information terrorist, while Style magazine interviews Catherine Zeta-Jones.