The owners of Irish retailer Superquinn have approached a number of rival retailers and finance houses to ask if they would be interested in taking over the chain, according to reports.

The Irish Sunday Business Post reported on Sunday (1 May) that the moves have been understood to have taken place in recent weeks although Superquinn is said to have not yet received any expressions of interest.

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The chain is controlled by a consortium called Select Retail Holdings, which is backed by investors including former Superquinn chairman Simon Burke and his replacement Kieran Ryan.

Superquinn was bought by the consortium from the Quinn family for a reported EUR350m (US$518.4m) in 2005.

Superquinn did not respond to requests for comment as this article went to press.

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