The Arnotts Group has been purchased by Fitzwilliam Finance Partners.

The Competition and Consumer Protection Commission has given the green light to the deal.

In a statement this evening Fitzwilliam Finance Partners says it's their core objective to maintain the iconic brand of Arnotts.

Mr. Noel Smyth, Managing Director of Fitzwilliam Finance Partner, said: "We will complete the formalities of acquiring the Apollo interest in the coming weeks"

"It is our core objective to maintain the iconic brand of Arnotts which is synonymous with retailing in Dublin city centre and to build on this landmark brand," Mr. Smyth added.