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Full coverage: Retail

Dunnes Stores in talks to acquire Buymie, as investors set to take pain

The same-day grocery delivery start-up has raised €18m from backers. However, with the company impacted by the ending of pandemic restrictions and the cost-of-living crisis, it is set to be acquired by Dunnes Stores for a relatively small sum.

Tom Lyons
3rd Feb, 2023 - 2 min read

“Insolvent on a balance sheet basis”: New reports shed light on why Musgrave sought bankruptcy protection for one of its franchisees

A company controlled by the Cork retail group sought a creditor-led examinership of Lanney’s SuperValu in Ardee earlier this month. Two reports from Deloitte reveal why Musgrave felt the need to petition the court.

Tom Lyons
15th Dec, 2022 - 3 min read

“If there are other investments outside social housing in Ireland, that is something we’re always curious and open for”

The multinational behind Ikea’s retail stores has announced a €100m investment in Dublin housing, under a new funding model that could be replicated. Will the €30bn managed in Ireland by the Ingka Group trickle into the domestic economy?

Thomas Hubert
6th Oct, 2022 - 5 min read

Point Square’s new owner enters legal battle with Dunnes

An institutional landlord has issued High Court proceedings against Ireland’s largest supermarket chain. This is just the latest in a series of legal actions over the development of a Dublin shopping centre.

Thomas Hubert
28th Sep, 2022 - 2 min read

Ikea’s Irish empire – part 2: From furniture stores to sovereign bonds, intercompany debt and tax

In part two of our investigation into the Ingka Group's Irish corporate structures, we unlock the retail giant’s Irish-operated investment strategy and explain how a number of Irish subsidiaries in Ireland help reduce its overall tax liabilities.

Thomas Hubert
14th Sep, 2022 - 7 min read

Ikea’s Irish empire – part 1: How Ikea turned Ireland into a €30bn cosy home for retail profits

From a discreet building in Ballsbridge, a few dozen staff running the Ingka Group's international bank and financial investment fund now manage over €30 billion in liquid assets – and counting. This investigation opens the door to the low-key Dublin office.

Thomas Hubert
13th Sep, 2022 - 9 min read

Big data and big firms: Why bricks-and-mortar retail is collapsing – and who is next

Online retailers' ability with data is an important reason why they're crushing their bricks-and-mortar retail competition. For this reason and others, it's hard to see offline retail coming back – in fact, healthcare is about to see the same disruption.

Stephen Kinsella
4th Aug, 2022 - 5 min read

Minority shareholder buy-out values Anthony Nicholas at more than €22m

Timely restructuring shored up the finances of the group behind Fields and Fraser Hart jewellers just before the pandemic. A shareholder’s exit gives a glimpse of what its owners think it is worth now.

Thomas Hubert
3rd Aug, 2022 - 3 min read

“Breathtaking cynicism”: Dunnes Stores accused of contempt of court over Point Village fit out

Anchor tenant Dunnes Stores has opened a convenience store about half the size of the penalty box on a football pitch at Point Village, the High Court heard. The overall space is ten times bigger. Dunnes insists it is in line with its obligations.

Francesca Comyn
28th Jul, 2022 - 3 min read

As accumulated losses top €40m, GameStop considers store closures

The video games retailer employing over 230 people across Ireland is dependent on funding from its US parent to keep trading and is reviewing expensive retail leases.

Thomas Hubert
28th Jul, 2022 - 3 min read
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