An agreement has been reached in the battle between the Cork retail giant Musgrave and one of its Supervalu franchisees, with receivers now set to be appointed to companies behind the Lanney family’s Supervalu business in Ardee, Co Louth.   In a brief update before Justice Denis McDonald today, the commercial division of the High Court heard that both parties had reached an agreement and Musgrave was withdrawing the petition to have the Ardee companies, Escadia Ltd and Belarmine Ltd, placed into a creditor-led examinership.  The court also heard that both parties now believe receivership is in the best interests of…

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