Tesco Ireland opt to buy Galway supermarket chain to boost market share

The acquisition of the 10 Joyce’s supermarket stores is reliant on approval by the Competition and Consumer Protection Commission

The move marks the first time Tesco has bought a portfolio of stores in the Republic since it entered the market in 1997 by acquiring Quinnsworth.

Tesco has made a play to boost its market share in Ireland by acquiring 10 stores which currently operate under the family-owned Joyce’s supermarkets brand.

All of the supermarkets are based in Galway and will be rebranded as Tesco stores on a phased basis next year.