Superquinn buyout may cost small firms €28m

HUNDREDS of small businesses are facing losses of around €28 million as Musgrave takes over control of Superquinn.

Last night, the receiver appointed to Superquinn said there would have been “chaos” if a buyer was not found immediately for the supermarket chain, which employs 2,800 people.

However, suppliers and representative groups for farmers and small business predict they could shed thousands of jobs as part of Musgrave’s purchase of the troubled Superquinn chain, which went into receivership on Monday.