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Weekly Roundup, February 1, 2017

Published on Feb 1 2017 2:25 PM

Weekly Roundup, February 1, 2017

Agri-business Aurivo is to carry out a €5 million investment in its facilities in Co. Roscommon. The company recently announced a four-year development plan for its dairy ingredients facility in Ballaghaderreen to meet global demand and anticipated market growth.

A redeveloped Penneys is to anchor a €70 million shopping centre in Carlow. The development is set to open by the end of 2018 and will require up to 800 full- and part-time staff once complete. Lexeme Properties, the shopping centre developers, has confirmed that Penneys will take up the largest space within, and it is in talks to draw other major retailers to the shopping centre.

Musgraves is to conclude its business with British wholesaler Booker. Musgrave was providing Booker with IT services for some of its legacy systems in the UK, but the agreement is to end in March 2017. In light of the Tesco acquisition, other agreements to identify potential buying opportunities with the British wholesaler are likely also to conclude.

Iceland Foods is planning to open at least three new outlets in Ireland in 2017. The three stores are to open in Tallaght, Galway, and an undisclosed third location, and will raise the retailer's Irish presence to 15 outlets. The new stores will also create 75 jobs.

Dawn Farms has signed a deal with Subway to export up to €850 million of meat to its stores. Naas-based Dawn Farms will supply cooked sandwich meats to more than 4,000 of Subway’s stores across Europe, and is one of the largest suppliers of cooked and fermented meat in Europe.

A UK court ruling may impact ‘gig economy’ employers. The tribunal found in favour of two Uber drivers who were suing the company for worker’s rights. The European Parliament has responded by voting to call for a report to protect workers in the gig economy, which would have implications for companies such as Deliveroo that operate in Ireland.

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