Superquinn has confirmed reports that it is not looking to sell the business.

A spokesperson for the Irish retailer confirmed a report in today’s (9 May) Irish Examiner that said the chain is instead focused on implementing its recently-approved business plan.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

According to the report, local rival Musgrave recently made an approach to buy Superquinn.

There has also been recent speculation that Superquinn’s owners, Select Retail Holdings, have approached a number of rival retailers and finance houses to ask if they would be interested in taking over the chain.

However, The Irish Examiner said Superquinn’s board is opposed to an immediate sale of the company, but claimed the retailer’s prospects hinge upon the attitude of Superquinn’s banking consortium of AIB, Bank of Ireland and Danske Banks. The banks are believed to be owed some EUR250m (US$356.8) by Select Retail Holdings.

Musgrave declined to comment on the reports.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now