Vet­eran pub­li­can is linked with move to buy fa­mous Dublin pubs

Belfast Telegraph - Business Telegraph - - News - BY FEARGHAL O’CON­NOR

VET­ERAN pub­li­can and hote­lier Louis Fitzger­ald has held pre­lim­i­nary talks with the Do­ran fam­ily about buy­ing two of Dublin’s best-known pubs, The Old Stand and Davy Byrnes.

The three Do­ran broth­ers — all now in their 70s — are be­lieved to be sell­ing The Old Stand for €2m (£1.8m) and Davy Byrnes for €6m (£5.3m). But the two par­ties failed to reach a fi­nal agree­ment about a sale of the iconic pubs, it is un­der­stood.

The Old Stand in Ex­che­quer Street and Davy Byrnes in Duke Street are two of the most pop­u­lar re­main­ing ex­am­ples of the tra­di­tional Dublin pub.

The most re­cent set of ac­counts for Do­ran’s (Cafe Bars) Ltd, which owns The Old Stand, showed prof­its up more than 11% in 2017 to more than €780,000 (£693,165).

The firm that owns Davy Byrnes — also con­trolled by the Do­ran broth­ers — saw prof­its rise more than 35% to just un­der €500,000 (£444,323) in the same pe­riod.

The Louis Fitzger­ald Group al­ready owns a range of ho­tels and pubs, in­clud­ing other Dublin favourites such as Ke­hoes on South Anne Street and The Stags Head.

Mr Fitzger­ald con­firmed that his com­pany would be in­ter­ested were the pubs to come to mar­ket, but said the meet­ings he had with the Do­rans were con­fi­den­tial and that he did not wish to com­ment fur­ther.

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