Rosie & Jim acquires Dublin food retailer Fallon & Byrne

Rosie & Jim acquires Dublin food hall Fallon & Byrne as the business returns to profit and its new owners commit to repaying over €2m in Revenue debt.

Irish chicken brand Rosie & Jim has acquired Dublin food hall and restaurant Fallon & Byrne, as the Exchequer Street business reports a return to profitability following several years of investment and restructuring.

Rosie & Jim founders Jimmy and Rosie McLoughlin take ownership of the business after joining the Fallon & Byrne board in 2021 as co-investors with financial adviser John Delaney, co-founder of the Beacon Medical Group.

Fallon & Byrne celebrated its 20th anniversary this summer and employs 158 people.

The McLoughlins said their involvement in the business over the past five years had given them an opportunity to understand its operations and future potential.

Fallon & Byrne returns to profit

“Fallon & Byrne is an extraordinary brand which has been through a lot in his 20-year history,” said Jimmy McLoughlin, managing director of Rosie & Jim.

“Under the supervision of the late John Delaney, our close friend and colleague, the business survived an examinership process in 2012 and later underwent a corporate restructuring in 2020. Rosie and I joined the new board in 2021 as co-investors with John to secure the future of the Exchequer Street store.

“Over the past five years we’ve had the opportunity to understand this business from the inside, its challenges, and its enormous strengths and potential. Following John’s very sad and untimely passing, the opportunity arose to acquire Fallon & Byrne and we feel privileged to be leading this much-loved brand into the future.”

Fallon & Byrne reported turnover of €14.3 million for 2025, an increase of 2.3%. The business recorded a net profit of €26,000, following a €396,000 loss in the previous 12 months.

The improvement followed investment in equipment, improvements to the store and team development under managing director Vincent Bellingard.

Bellingard previously worked at Harrods, Aer Rianta International, Brown Thomas and Donnybrook Fair.

Reflecting on the latest accounts, he said: “2025 represents an important milestone for Fallon & Byrne, with the business returning to profitability. Turnover reached €14.3 million +2.3%. We realised a net profit of €26k following €396k loss in the previous 12 months. The last four years have been about rebuilding the business and getting the fundamentals right. We are delighted to formally welcome Jimmy and Rosie as new owners and are committed to continuing this journey together, improving the business, and further enhancing the experience we offer to our customers”.

Catering and e-commerce in focus

Fallon & Byrne availed of Revenue’s warehoused tax debt scheme during the Covid pandemic. The new owners have committed to repaying more than €2 million of outstanding warehoused debt rather than pursuing a SCARP debt write-down.

McLoughlin said another €220,000 payment had been made throughout 2026.

“Covid supports were a generous government intervention and much needed lifeline, but the requirement to repay has been particularly challenging. We are committed to repaying more than €2m of Revenue warehoused debt rather than taking the route of a SCARP debt write down. Protecting the brand and business reputation is everything to us and every cent will be repaid to an agreed plan, with another €220k payment made throughout 2026.”

The McLoughlin family plans to maintain Fallon & Byrne’s Exchequer Street food hall and restaurant while exploring opportunities in premium event catering and e-commerce.

Rosie McLoughlin said: “There is a huge love for the Fallon & Byrne brand, and we are one hundred percent committed to continuing to deliver the high quality, unique experience customers enjoy at the Exchequer St. store and restaurant. We’re also keen to explore extending beyond bricks and mortar through premium event catering and of course further developing e-commerce. There are very exciting times ahead.”

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