Today musgrave finalised the 250 million sale of superquinn, this deal has been negotiating for the previous 3 months and following intense negotiations with the previous suppliers of Superquinn, a compromise deal has been reached. This is great news for all involved as it guarantees the jobs of nearly 3,000 employees. This deal will mean that musgrave occupies allmost 30% of the Irish grocery market just marginally ahead of Tesco's 28%. I believe that it is essential that there is greater competition between the Large grocery giants as it creates jobs and gives consumers better value.
Sources
http://www.irishtimes.com/
http://www.shelflife.com/
up to date views and analysis on the business world- primarily focusing on retail industry
Thursday 29 September 2011
Wednesday 28 September 2011
European economic crisis deepens
Greece will remain in the eurozone but must meet its reform committments in full, the head of the European commission Jose Manuel Borroso, has said. He pledged that Europe will support its countries fully. Mr. Borroso has called for a financial services tax, stating it was time for the financial industry to contribute. More bad news for Ireland and the eurozone!
Sorce http://www.rtenews.com/
Sorce http://www.rtenews.com/
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