Tos Chirathivat’s Central Group has made a £4 billion offer to buy Selfridges, the owner of the Brown Thomas and Arnotts department stores in Dublin. Picture: Getty
It may be the unleashing of animal spirits after months of enforced lockdowns and corporate navel-gazing, or it may just be irrational exuberance. Whatever the trigger, 2021 was the busiest year on record for mergers and acquisitions around the world. Despite the continuing dislocations of the Covid-19 pandemic, the wheels of capitalism continue to turn.
In the year to December 16, the value of M&A deals reached $5.6 trillion, according to Dealogic, the data provider which...
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