The South African Spar retailing group says it is positively cautious about the effects of Brexit for its retailing interests in Ireland and the southwest of England. The Johannesburg-stockmarket-listed group owns 80% of BWG Spar and operates chains in Ireland and England, under its Spar Ireland division.

Wholesaler BWG which is best known as the supplier to Spar, Eurospar, Londis, and other independent stores in the Republic says it plans to buy rival 4 Aces Wholesale.

THE €390 million management buyout of food retail and distribution group BWG was formally completed yesterday, bringing the company back under Irish ownership.

COFFEE bar chain Insomnia has snapped up the six Perk shops in Dublin for around €1 million.