Superquinn Jobs – 2,800 Saved From Redundancy Following Musgrave Group Takeover

Superquinn jobs, about 2,800, has been saved by Musgrave Group Takeover. Superquinn staff finally had a relxaing breathe by the new that saving their jobs at least for now.

There are about 14,000 people affected by the news and 2,800 of them was Superquinn staff.

Are you looking for Retail jobs?

Superquinn was placed under the control of receivers on Monday and will remain under their management until the agreement gets regulatory approval. Musgrave pledged to invest in the Superquinn stores and develop the business. It is understood Superquinn has debts totalling around 400 million euro (£350 million).
Chris Martin, chief executive of Musgrave, said: “Purchasing Superquinn, when approved, supports our growth agenda and will sustain our competitiveness. We are looking forward to working with the Superquinn team to develop the future of the business.”
The family-owned Musgrave group operates a range of retail outlets including SuperValu, Centra and Daybreak in Ireland, Budgens and Londis in Britain and Dialprix in Spain.
The company is worth 2.9 billion euro (£2.5 billion) to the economy and supports 14,000 jobs across 600 supplier companies.