Wednesday 21 August 2019

Bagging a deal: Dunnes looks to buy JC's, biggest independent supermarket ..and maker of bandit mask

JC's Supermarket
JC's Supermarket

Dunnes Stores has proposed a takeover of JC Savage Supermarket Ltd, in Swords Co. Dublin, the country's biggest independent supermarket.

The planned takeover has been notified to the Competition and Consumer Protection Commission (CCPC). The regulator has opened a so-called phase one or preliminary investigation into the proposed takeover and will accept submissions from third parties until July 25.

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According to the formal notice JC Savage Supermarket Ltd owns the premises known as Swords Shopping Centre, from which it operates its sole grocery store JC's Supermarket.

The store's plastic bags are invariably worn by Limerick duo the Rubberbandits.

Charismatic businessman JC Savage built up the business from scratch in the teeth of competition from domestic rivals and in recent years from German discounter Lidl.

He died in 2010, aged 66, and left €32.8m in his will. The business has been operated by the Savage family since then. Turnover for JC's was €22m in 2017.

Irish Independent

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