Debenhams takeover Roches outlets

After weeks of speculation it has finally been announced today that the British store Debenhams had secured the leasehold of nine Roches department stores in Ireland for €29 million.

The shops include stores in Dublin, Blanchardstown, Blackrock, Tallaght, Cork, Tralee, Galway, Waterford and of course here in Limerick.

Chief executive Rob Templeman on the venture,

“There are significant opportunities to grow our department store portfolio across the UK and Republic of Ireland. We are pleased to announce the acquisition of the stores in the Republic of Ireland, which will considerably boost our local presence”

It plans to convert the new outlets over the next six to 12 months.