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/
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