Ulster Stores snaps up Jersey department store
The landmark De Gruchy department store in St Helier, Jersey has been bought from Merchant Retail Group by Ulster Stores.

The deal, for an undisclosed sum, will see the business continue to trade under the De Gruchy name as it has had since it was first opened by Abraham and Marie De Gruchy in 1810.

Family-owned company Ulster Stores operates two department stores in Northern Ireland - Moores of Coleraine and The Whitehouse Portrush - as well as recently acquired Clares in Llandudno, Wales.

Merchant Retail came under fire in 2004 when it faced down accusations that its£6 million revamp of the De Gruchy store looked 'cheap'.