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Wednesday 13 December 2017

Musgrave plan to help Superquinn suppliers

Mark Hilliard

FOOD suppliers caught up in the receivership wrangle at Superquinn are being invited to supply their products to Musgrave-owned stores in a bid to stave off financial meltdown.

The move comes amid fears of an imminent cash-flow crisis at several suppliers which are owed money by Superquinn but are unlikely to receive it.

Hundreds of suppliers are affected, with some bills running into millions of euro.

Musgrave has announced plans to allow small suppliers access to shelves across its network, including SuperValu and Centra stores. Current suppliers to those stores would not be affected, a spokeswoman said.

While not included in the announcement, large suppliers are being assured that they can continue to supply Superquinn if Musgrave is successful in its attempt to buy the business.

A phone line and email address have been set up for small suppliers to contact Musgrave from today, a spokeswoman explained.

"We are going to do our best to talk to suppliers and give them the opportunity to access the network," she said. "What they (a liaison team) will then do is call people back and set up appointments. We have to take this on a case-by-case basis."

Suppliers become latest casualties: Business P38

Irish Independent

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