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Dunnes Stores streamlines its corporate structure

Irish retailer Dunnes Stores has simplified its corporate structure to make it easier to split the business geographically if the family owners were to sell part of the firm.

The retailer has streamlined its complicated corporate structure by centralising the ownership of many of its Irish stores into a single company.

Dunnes Stores has merged 16 parts of the business into one, called Dunes Stores Ireland Company, which now owns all 115 shops in Ireland.

The move could make it easier to separate Dunnes Stores along geographic lines if a sale was to take place, according to The Irish Times.

Dunnes Stores has also resigned EY as its auditor after the accountant departed from the group last month. 

It is the third time in five years the retailer has changed auditors. EY held the position from 2011 following a tender process. It took over from Deloitte, which held the role for a year from 2010.

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