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'Business As Usual' At Caulfield McCarthy Retail Group Despite HCJV Receivership

Published on Sep 15 2014 2:51 PM

'Business As Usual' At Caulfield McCarthy Retail Group Despite HCJV Receivership

A Musgrave spokesperson has confirmed to Retail Intelligence that the eight SuperValu stores operating as part of the Caulfield McCarthy Retail Group are "unaffected" by the receivership of a property firm linked to the company.

Receivers were appointed to the HCJV Property Group, which is headed up by Anne Marie Caulfield, her brother Thomas, and John McCarthy, last week, on foot of unpaid loans reportedly totaling €80 million.

IBRC appointed Smith & Williamson accountants as receivers to the property firm, whose portfolio includes the Riverview Shopping Centre (pictured) and Loughboy Shopping Centre.

However, a spokesperson told RI that the "HCJV Property Group is a separate company to the Caulfield McCarthy Retail Group. […] The receivership is unrelated to the Caulfield McCarthy Retail Group." The spokesperson added that the stores in the group "are unaffected by the receivership and continue to trade as normal with suppliers, customers and staff unaffected."

The Caulfield McCarthy Retail Group operates SuperValu outlets at Merchant’s Quay Cork, Bandon, New Ross, Enniscorthy, Tipperary Town, Wexford, Loughboy and Malahide.

© 2014 - Checkout Magazine by Stephen Wynne-Jones

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