Business Irish

Saturday 18 November 2017

Green light for Avoca €60m sale

Avoca
Avoca
Donal O'Donovan

Donal O'Donovan

The €60m sale of retailer Avoca has been give the green light by regulators.

The Competition and Consumer Protection Commission approved the proposed takeover of the Irish business by US buyer Aramark today.

Avoca is being sold by the Pratt family. Simon Pratt will remain as Managing Director of Avoca following the sale.

Founders Donald and Hilary Pratt will also remain in the business as will current directors Ivan Pratt and Vanessa Pratt.

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