Receivers appointed to Superquinn

The_Conductor · 18-07-2011 08:35PM #1

:(:(

http://www.rte.ie/news/2011/0718/superquinn.html

Its sad to see an Irish establishment like Superquinn go up the wall

easyeason3 · 18-07-2011 08:37PM

I always found them too expensive tbh.

Superbus · 18-07-2011 08:38PM

They better not go bust. Those chicken wraps are divine.

Crann na Beatha · 18-07-2011 08:38PM

This post has been deleted.

admiralofthefleet · 18-07-2011 08:38PM

2800 jobs. hopefully they are safe

Archeron · 18-07-2011 08:38PM

Nooooooooooooosausagesoooooooo!!!!

dj jarvis · 18-07-2011 08:39PM

thats sh1te news - hope they find a buyer becasue that is a lot of jobs going to go :mad:

Big Nasty · 18-07-2011 08:39PM

2800 jobs - that's a serious, serious blow!

Pacing Mule · 18-07-2011 08:40PM

Welcome your new overlords from Asda.

18-07-2011 08:40PM

OMG - when will this ever stop:mad:

Dman001 · 18-07-2011 08:40PM

They were known for their high quality, own-branded goods, hence the high prices. Which was all good and well during the boom, but I think people have come to appreciate Aldi and Lidl's low cost items.

JONJO THE MISER · 18-07-2011 08:40PM

They were way too expensive, them days are well over im afraid.

oppenheimer1 · 18-07-2011 08:41PM

My money is on waitrose to buy it...

Absurdum · 18-07-2011 08:41PM

I hope they manage to survive, by far the best quality supermarket in Ireland.

admiralofthefleet · 18-07-2011 08:42PM

1966 wrote: »

OMG - when will this ever stop:mad:

when fianna fail are banned

JONJO THE MISER · 18-07-2011 08:43PM

I see there trying to sell the shops, perhaps a U.K outfit like Morrisons will take them over.

Pacing Mule · 18-07-2011 08:44PM

JONJO THE MISER wrote: »

I see there trying to sell the shops, perhaps a U.K outfit like Morrisons will take them over.

Asda were always the long term plan.

jesus_thats_gre · 18-07-2011 08:45PM

Pageant Messiah wrote: »

Welcome your new overlords from Asda.

I wouldn't object to that now.

Was Superquinn not dead the minute those guys bought it 5 odd years ago? Thought the plan was to level the shops and build apartments on most of them - obviously couldn't happen when the property market collapsed?

Chris P. Bacon · 18-07-2011 08:46PM

The best sausages in the world!!,i hope they stay open for the sake of the 2800 people.

Dman001 · 18-07-2011 08:46PM

I'd imagine it would be the likes of Sainsburys that would buy them, who too have a similar business model in the UK, high quality own-branded goods sold along side your average branded goods. I'm surprised Asda haven't trid to break in to the Irish market, but I reckon they would take a more Tesco approach to setting up here.

The_Conductor · 18-07-2011 08:47PM

oppenheimer1 wrote: »

My money is on waitrose to buy it...

They were in discussions with Waitrose up to last April, but were unable to come to an agreement. They'd be a good match for one another- they've the same commitment to quality produce- and I for one would be over the moon if they started to stock Waitrose own branded products again (they carried them in Superquinn for a few years- up to the mid 90s perhaps).

2,800 jobs is a serious serious problem, and will have a big impact in Lucan, Portlaoise, Carlow and the locations of their other stores.

Ruu_Old · 18-07-2011 08:47PM

Never the same after they got rid of the yellow pack advertising.

cml387 · 18-07-2011 08:47PM

jesus_thats_gre wrote: »

I wouldn't object to that now.

Was Superquinn not dead the minute those guys bought it 5 odd years ago? Thought the plan was to level the shops and build apartments on most of them - obviously couldn't happen when the property market collapsed?

Spot on. I know Fergal was retiring but the crowd that took over just seemed to want the real estate.

phasers · 18-07-2011 08:48PM

Not surprised, it's an absolute ripoff. Shame about all those jobs, I hope they are saved somehow. It'd be quite cool if Asda moved in, we might get some decent competition between supermarkets.

The_Conductor · 18-07-2011 08:48PM

Ruu wrote: »

Never the same after they got rid of the yellow pack advertising.

I thought the yellow pack stuff was Quinnsworth before Tesco took them out?

rubberdiddies · 18-07-2011 08:49PM

oppenheimer1 wrote: »

My money is on waitrose to buy it...

Unfortunately I'd say tesco will be looking into the possibility of buying a few of the shops

alwaysadub · 18-07-2011 08:49PM

Just eating one of their doughnuts. Their food is so nice, hope they don't disappear.

8mv · 18-07-2011 08:50PM

Granted they're relatively expensive, but I started my working life in SQ when Fergal Quinn was there and got a good grounding in customer service and work ethic. Sad to see it go, if that happens, but as another poster stated, it was finished when Fergal let go the reins.

Chris P. Bacon · 18-07-2011 08:50PM

smccarrick wrote: »

I thought the yellow pack stuff was Quinnsworth before Tesco took them out?

And before that it was K.V.I

7Sins · 18-07-2011 08:51PM

Aw now this is sad news, they were great at employing Irish people too! and in general the employees there have a friendly warm manner.

Pacing Mule · 18-07-2011 08:52PM

jesus_thats_gre wrote: »

I wouldn't object to that now.

Was Superquinn not dead the minute those guys bought it 5 odd years ago? Thought the plan was to level the shops and build apartments on most of them - obviously couldn't happen when the property market collapsed?

Yes it was - I worked for them at the time.

A lot of the assets of the company have been stripped out, sold and leased back etc over the past few years. There were a lot of development plans that did not actually materialise in time before the recession screwed the property market. All along the management on the ground (myself being one of them at the time of the takeover) could see it was a short term plan to strip out the best of the assets and then sell on the retail operation.

Receivers appointed to Superquinn

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