The family-run supermarket chain, Superquinn, said today that its takeover by the Select Retail Holdings consortium in a deal worth €350m is now complete.
Under the deal, Simon Burke, an Irishman who headed Hamleys toy store in Britain, becomes the new executive chairman of Superquinn. He succeeds Feargal Quinn, who becomes non-executive President of the business.
Eamonn Quinn, Deputy Chairman of the supermarket group since 1991, has left the company and will now manage the Quinn family interests.
'Feargal Quinn has left a tremendous heritage in Irish grocery retailing and we intend to build on it. We want to keep Superquinn famous for its quality, its range and its service while also offering good value for money', commented Simon Burke after the deal was concluded today.
Mr Burke emphasised that his priority is to work with theSuperquinn shop floor and support teams to maintain the focus on quality fresh food and customer service that has established Superquinn's reputation.
