Select Retail Holdings and the Quinn family have announced that the sale of supermarket chain Superquinn to Select Retail Holdings, announced earlier this year, has now been completed.

As agreed, Simon Burke has taken over the role of executive chairman of Superquinn, in succession to senator Feargal Quinn, who becomes non-executive president of the business. Following the transaction,  Eamonn Quinn, deputy chairman of the company since 1991, has left the company and will now be managing the Quinn family interests.

"We are proud to have become the owners of Superquinn," said Simon Burke. "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."

"Our customers rightly expect exceptional quality from us, especially in fresh food, and I will see that they get it", he said "There will only be improvements. In the case of range, we have already increased the selection in our stores and dramatically reduced the number of gaps on the shelves. We will continue to search the world for new ideas and products to offer our customers, although our commitment to give priority to Irish suppliers will remain as strong as ever."

"I believe Superquinn has the best team of people anywhere in the Irish supermarket business - grocers, butchers and bakers - many of whom have a lifetime's experience of giving great service and my goal is to enable them to deliver a world-class service to customers every day," he said. "It is a significant challenge and there is a need for change. It will take time, as all our plans cannot be implemented at once , but we are looking forward to the task and we are glad to be getting started today."