CCPC Clears Musgrave's Acquisition Of Donnybrook Fair
The Musgrave acquisition of Donnybrook Fair has been cleared by the Competition and Consumer Protection Commission (CCPC).
The CCPC cleared the proposed transaction whereby, Musgrave Group public limited company, through its wholly-owned subsidiary Superquinn Limited, would acquire sole control of Donnybrook Fair Limited and its subsidiaries.
The proposed transaction was notified under the Competition Act 2002, as amended, on 25 September 2018.
Musgrave announced in September this year that it has agreed to acquire Donnybrook Fair for an undisclosed sum subject to approval by the CCPC.
The acquisition includes Donnybrook Fair’s five premium food stores (Donnybrook, Stillorgan, Malahide, Greystones and Baggot Street) situated in Dublin as well as a gourmet food production facility.
Donnybrook Fair increases our penetration of the Dublin food market and our intention is to maintain and grow the brand for the long term,” said Chris Martin, CEO, Musgrave at the time of the announcement.
“We are looking forward to taking it to the next stage of development."
Donnybrook Fair Limited is primarily active in the supply of retail grocery goods under the brand name Donnybrook Fair in the State.
Donnybrook Fair Limited owns and operates five Donnybrook
Fair retail grocery stores located at Stillorgan, Co. Dublin; Malahide, Co. Dublin; Donnybrook, Dublin 4; Baggot Street Upper, Dublin 4; and Greystones, Co. Wicklow.
© 2018 Checkout – your source for the latest Irish retail news. Article by Donna Ahern. Click subscribe to sign up for the Checkout print edition.