Superquinn

Last updated

Superquinn
Industry Retail (various)
Founded29 April 1970
Defunct13 February 2014
FateAcquired by Musgrave Group and absorbed into the SuperValu brand
Successor SuperValu
Headquarters Dublin, Ireland
Area served
Ireland
Key people
  • Tim Kenny (Managing Director)
ProductsGroceries, Fresh food, etc.
Parent Musgrave Group (2011–2014)

Superquinn was an Irish supermarket chain, founded in 1960 and entirely privately owned by the Quinn family. Select Retail Holdings, a property buying consortium, purchased the company from the Quinn family in 2005. A receiver was appointed to the company on 18 July 2011, and the following day the company was bought by Musgrave Group for an undisclosed sum. On 13 February 2014 all remaining units were rebranded as SuperValu. [1] [2]

Contents

Products and services

The company operated 20 supermarkets under the Superquinn brand and 4 convenience shops under the "Superquinn Select" brand. It had three levels of own brand products of increasing quality; "Euro Shopper", "Superquinn" and "Superior Quality". In 2011, the Euroshopper brand was replaced by "Superquinn Essentials", their low cost, but still high quality, own brand products. Superquinn was known for having a very high level of customer service compared to other supermarket chains, its former owner having written a manual on customer service, Crowning the Customer". [3] It was also known for having introduced a number of innovations, including Ireland's first supermarket loyalty card in 1993, SuperClub re branded in 2007 as Reward Card. It also introduced self-scanning of goods by customers in a number of its outlets (Reward Card SuperScan). Superquinn was known as one of the better retail grocery companies to work for.

Superquinn was part of an Irish Internet shopping portal Buy4Now, which provides Internet shopping services for a number of Irish retailers.

History

A Superquinn supermarket in Walkinstown, Dublin. Superquinn Supermarket, Walkinstown Road. - geograph.org.uk - 477659.jpg
A Superquinn supermarket in Walkinstown, Dublin.

The business was founded in 1960 as 'Quinns Supermarkets' in Dundalk by Feargal Quinn, and the company headquarters were later moved to Sutton, Dublin. The trading name was subsequently changed to Superquinn, in part to differentiate it from rival Quinnsworth, which had started in the early 1970s. In 1970, the company name was legally registered and founded.

In 1991, Feargal's son Eamonn Quinn took a key management role as deputy chairman.

In January 2005, it was announced that Superquinn was to be sold to a company called Select Retail Holdings, consortium which had been formed in 2002. [4] [5] On 26 August 2005 it was announced that the sale had been completed. Simon Burke replaced Feargal Quinn as Executive Chairman of the company, with Quinn becoming non-executive President of the business. Eamonn Quinn left the company.

In January 2009, the company made the decision to close the Dundalk supermarket. [6] This was the second time Superquinn had failed in Dundalk, but in September 2010 a High Court order forced Superquinn to re-open in its home town again. [7]

Expansion

In February 2007 Superquinn purchased the Montrose Hotel in Donnybrook from Jury's Doyle for €40 million and planned to develop the site as a supermarket and apartments. Superquinn expanded after the SRH takeover. It opened supermarkets in Heuston South Quarter, Rathborne, Rathgar, Ranelagh and Portlaoise and planned to open in Clongriffin.[ citation needed ]

In early 2010 it was confirmed that the Heuston South Quarter shop was on schedule for a planned opening in October 2010, it opened on 14 October 2010.

The Sunday Times Home section [8] reported in May 2010 that Superquinn Clongriffin was on hold, with Superquinn quoting that they were "not yet in a position to confirm a likely opening date for a store in Clongriffin". Residents of Clongriffin and surrounding neighbourhoods feared the planned opening would not transpire.

On 3 September 2008, The Irish Times reported that a number of approaches had been made to buy Superquinn, including from BWG Foods Limited, The Musgrave Group plc, J Sainsbury plc, and Asda Stores Limited. [9] However, later that day Simon Burke told RTÉ News and Current Affairs that the company was not for sale. [10]

Superquinn opened its refurbished flagship supermarket in Blackrock, Co Dublin in October 2012. The retailer invested over €2m in the layout of the shop, including a complete overhaul of the fresh food section and an expansion of the fish counter, butchery, cheesemonger and parking spaces area. It had also completed work on Ballinter, Blanchardstown, Bray, Knocklyon, Northside, Ranelagh, Swords and Walkinstown.

Failed ventures

The company's innovations did not all become successful. One side effort of the company was the failed bank Tusa (the Irish word for you in the accusative case), a joint venture with TSB Bank (now part of Permanent TSB). A joint venture with Texaco to introduce small Superquinn convenience shops at petrol forecourts, SuperQ, also failed.

Perhaps more importantly for the company was its failure to expand[ original research? ] - Superquinn had less than a third of the branches of its other full-service rivals, Tesco Ireland and Dunnes Stores, and was even eclipsed by discount retailers Aldi and Lidl, who have been very aggressive in acquiring sites compared to Superquinn. Its supermarkets were heavily located in the Dublin and Leinster areas (with 3 in Munster, and none at all in Connacht or Ulster) in contrast to the other operators which operated nationwide.

Receivership and sale

On 18 July 2011, it was announced that receivers had been appointed to the Superquinn chain. [11] This was triggered by a consortium of banks believed to be owed around €400m. On 19 July 2011, the chain was reported to have been sold to wholesale group Musgrave Group for just over €100m. [12] Staff were informed that there would be no change to their terms and conditions, or their pensions under the takeover by Musgrave. [13]

The Irish Times reported on 23 July 2011 that two high court actions had been initiated to challenge the receivership and instead place the business in examinership. Lithuanian VP Group was named as a possible bidder for the company. [14]

On 27 July 2011, RTÉ reported that the petition for examinership had been withdrawn, allowing the proposed buyout to proceed. Musgrave provided a €10 million fund to benefit suppliers owed money by Superquinn. [15] The Superquinn name disappeared from Ireland's main streets on 13 February 2014 after owner, the Musgrave Group, announced its decision to rebrand all Superquinn units as SuperValu. [16] [17]

The SuperQuinn brand has been retained for a limited range of products, including sausages.

See also

Related Research Articles

Albertsons Companies, Inc. is an American grocery company founded and headquartered in Boise, Idaho.

Loblaws is a Canadian supermarket chain with stores located in the province of Ontario, and in Alberta and British Columbia under the Loblaws CityMarket banner. Headquartered in Brampton, Ontario, Loblaws is a subsidiary of Loblaw Companies Limited, Canada's largest food distributor.

Tesco Ireland Limited is the Irish subsidiary of supermarket group Tesco. Tesco Ireland was formed by Tesco plc's 1997 purchase of the Irish retailing operations of Associated British Foods, namely Powers' Supermarkets Limited and its subsidiaries, trading as "Quinnsworth" and "Crazy Prices". There are 152 Tesco stores in operation in Ireland as of August 2018. Tesco had approximately 21% of the Irish grocery market in 2019 and its main competitors are Dunnes Stores and SuperValu.

<span class="mw-page-title-main">Acme Markets</span> American supermarket chain

Acme Markets Inc. is a supermarket chain operating 161 stores throughout Connecticut, Delaware, Maryland, New Jersey, the Hudson Valley of New York, and Pennsylvania and, as of 1999, is a subsidiary of Albertsons, and part of its presence in the Northeast. It is headquartered in East Whiteland Township, Pennsylvania, near Malvern, a Philadelphia suburb.

<span class="mw-page-title-main">Dunnes Stores</span> Irish multinational retail chain

Dunnes Stores is an Irish multinational retail chain that primarily sells food, clothes and household wares. It was founded by Ben Dunne in 1944. In addition to its main customer base in Ireland, the chain also has operations in Spain, and formerly in England and Scotland. The format of most of the chain's stores in Ireland involves a grocery supermarket operating alongside a clothing/textiles store, although some stores contain only textiles and some contain only a supermarket. The grocery side of the business does not operate outside of Ireland, save for a limited grocery range in the Spanish stores. The larger stores usually contain a café branded as either Café Sol, Dunnes Stores Café or Baxter & Greene Market Café.

<span class="mw-page-title-main">SuperValu (Ireland)</span> Irish supermarket chain

SuperValu is a supermarket chain that operates on the island of Ireland. SuperValu is operated as a symbol group; each supermarket is independently owned, with individual owners using the SuperValu format and selling the chain's own brand products. SuperValu outlets tend to be larger than the convenience shop formats used by many other symbol group retailers such as Centra, Gala and Spar, and the larger SuperValu units are on a par with full-service supermarkets. Their main competitors are Dunnes Stores and Tesco.

<span class="mw-page-title-main">Xtra-vision</span> Video, film and music retailer in Ireland

Xtra-vision was a video, film and music retailer that operated across the island of Ireland. Founded in 1979, it had 200 stores at its peak before running into financial difficulties, changing ownership a number of times, and ultimately closing in 2021.

Feargal Quinn was an Irish businessman, politician and television personality. He founded the Superquinn supermarket chain and served as a Senator for the National University constituency from 1993 to 2016.

SuperValu, Inc., was an American wholesaler and retailer of grocery products. The company, formerly headquartered in the Minneapolis suburb of Eden Prairie, Minnesota, had been in business since 1926. It is a wholly owned subsidiary of United Natural Foods (UNFI).

<span class="mw-page-title-main">Cub (supermarket)</span> American supermarket chain owned by United Natural Foods

Cub is an American supermarket chain. It operates stores in Minnesota and Illinois. The company is a wholly owned subsidiary of United Natural Foods, based in Providence, Rhode Island.

<span class="mw-page-title-main">Centra</span> Convenience shop chain

Centra is a convenience shop chain that operates throughout Ireland. The chain operates as a symbol group owned by Musgrave Group, the food wholesaler, meaning the stores are all owned by individual franchisees.

Musgrave Group Ltd. is an Irish food wholesaler, founded in Cork by the Musgrave brothers, Thomas and Stuart in 1876. It is currently Ireland's largest grocery distributor, with operations in Ireland and Spain with estimated annual sales of over €4 billion. The current CEO is Noel Keeley. Today, the company is still largely-owned by the Musgrave family.

<span class="mw-page-title-main">Debenhams Ireland</span> Irish department store chain, formerly Roches Stores

Debenhams Ireland was a national chain of department stores in Ireland, that was owned ultimately by Debenhams plc. It was largely based on the former Roches Store chain, though after that business divested its grocery units.

In the Republic of Ireland, the retail sector provides one of the largest sources of employment in the economy, representing over 12% of the workforce. As of 2017, approximately 40,000 wholesale and retail businesses employed almost 280,000 people in Ireland, with the Department of Enterprise, Trade and Employment reporting that 90% of these businesses were Irish-owned.

<span class="mw-page-title-main">Lucky Stores</span> American supermarket chain

Lucky Stores is an American supermarket chain founded in San Leandro, California, in 1935. Lucky is currently operated by Albertsons in Utah and Save Mart Supermarkets in Northern California.

<span class="mw-page-title-main">JC's</span> Irish supermarket

JC's is a formerly independent supermarket located in Swords, County Dublin, Ireland. The supermarket was purchased by Dunnes Stores in 2019 from the Savage family, despite being acquired by the company, it still uses the JC's brand name.

<span class="mw-page-title-main">Joyce's (supermarket)</span>

Joyce's, formerly Joyces 365, is a supermarket chain based in Headford, County Galway, Ireland.

<span class="mw-page-title-main">Roches Stores</span> Irish department store chain

Roches Stores was a national chain of department stores in Ireland, that was owned by the Roche family.

A Wear was an Irish chain of women's clothing stores with a wide number of operations in Ireland. The brand also operated internationally through its online store at awear.com and stores within Great Britain. It ceased trading in January 2014.

Pat Quinn was an Irish publican, hotelier, music promoter, storyteller, former millionaire and founder of the Quinnsworth group, Ireland's first supermarket chain. He invented the term "yellow pack". According to The Irish Times, he was "one of the country's best-known business figures in the 1960s and 1970s", "the whizz kid of the Irish grocery business" and "a well-known figure in the Irish-Canadian community" at his death. He worked, honeymooned and eventually settled with his family in Toronto. The Toronto Sun described him as "County Leitrim's favourite son".

References

  1. Carr, Aoife (18 July 2011). "Receivers appointed to Superquinn". The Irish Times . Retrieved 13 December 2019.
  2. "Goodbye Superquinn, as SuperValu rebrand begins". 13 February 2014. Retrieved 13 December 2019.
  3. "Crowning the Customer". O'Brien. Retrieved 13 December 2019.
  4. "Company Details - Select Retail Holdings". cro.ie. Company Registration Office Ireland. Retrieved 24 March 2020. Registered: 07/11/2002 [..] Status: Liquidation Effective Date 06/07/2012
  5. "The breadwinner". Irish Independent . 6 September 2008. Retrieved 13 December 2019.
  6. "Superquinn to close Dundalk store". Irish Independent. 21 January 2009. Retrieved 13 December 2019.
  7. Roddy, Margaret (22 September 2010). "Court tells Superquinn to re-open Dundalk store". Irish Independent. Retrieved 13 December 2019.
  8. Niall Toner, Sunday Times Home May 23rd, 2010.
  9. "Superquinn checks out options as six potential bidders emerge". The Irish Times. 9 September 2008. Retrieved 13 December 2019.
  10. "Superquinn not up for sale, says chief". RTÉ News. 3 September 2008. Retrieved 13 December 2019.
  11. "Receivers appointed to Superquinn". RTÉ News. 18 July 2011. Retrieved 13 December 2019.
  12. "Special offer: Superquinn sold off for €100m to Musgrave". Irish Independent. 19 July 2011. Retrieved 13 December 2019.
  13. "No changes to employment conditions for Superquinn staff". Irish Examiner. 19 July 2011. Retrieved 13 December 2019.
  14. O'Halloran, Barry (23 July 2011). "Baltic firm is potential bidder for Superquinn". The Irish Times. Retrieved 13 December 2019.
  15. "Sale of Superquinn back on track". RTÉ News. 27 July 2011. Retrieved 13 December 2019.
  16. Burke-Kennedy, Eoin (7 August 2013). "Superquinn brand to be dropped by new owners". The Irish Times. Retrieved 13 December 2019.
  17. Stack, Sarah (7 August 2013). "End of the line for Superquinn: All stores to rebrand". Irish Independent. Retrieved 13 December 2019.