Fallon & Byrne is reportedly seeking investment to fund a 'major expansion plan.'
The food emporium and restaurant owner, has hired Goodbody stockbrokers to raise in the region of €6 million of capital to finance a large extension at its flagship on Exchequer Street, as well as a new retail outlet at Connolly station in Dublin city centre, reports the Irish Times.
Dundrum Town Centre
The company also announced in February last year that it is planning to open a new 10,000 sq ft (900sqm) speciality food hall in Dundrum Town Centre.
In relation to the proposed development in South Dublin, Fiona McHugh, managing director, Fallon & Byrne said at the time: “Our aim is to create something truly special in the soon-to-be-restored heritage buildings that lie at the heart of Pembroke Square, which we believe will be a dynamic new quarter within the centre.”
Anchor retail tenants at the Dundrum Town Centre currently includes Tesco and Marks & Spencer.
Fallon & Bryne was established over 12 years ago and aside from its outlet in the capital, the group also runs a food hall in the Swan Centre in Rathmines and a restaurant in the Peoples Park in Dun Laoghaire, Dublin.
© 2019 Checkout – your source for the latest Irish retail news. Article by Donna Ahern. Click sign-up to subscribe to Checkout.