Receivers appointed to Superquinn chain

The company is reported to have debts totalling €400 million.

RECEIVERS HAVE BEEN appointed to the supermarket chain Superquinn this evening.

Receivers Kieran Wallace and Eamonn Richardson of KPMG were appointed to the businesses by a syndicate of banks, RTÉ reports.

The chain, which employs nearly 2,800 staff, has debts of around €400 million. It is understood that the company will continue trading as normal while a buyer for the business is being sought.

Read more on RTÉ >

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