Tesco Ireland to buy 10 Joyce’s Supermarkets stores in Galway
30 November 2021
Tesco Ireland has signed a deal to buy ten Joyce’s Supermarkets outlets in Galway for an undisclosed sum.
The ten supermarkets, which currently operate under the Joyce’s independent family brand, will be rebranded and designed as Tesco stores on a phased basis during 2020.
Currently, the deal is subject to approval by the Competition and Consumer Protection Commission (CCPC). If approved, the supermarket staff will become Tesco Ireland employees when the deal is complete.
Pat Joyce, managing director of Joyce’s Supermarkets, said today’s deal was a historic moment for his business.
“We have carefully considered the opportunity and are very pleased to pass our business on to an established brand in Tesco that promotes quality and excellence across its business, and which has an established presence in the Irish market,” he said.
“Should this acquisition be approved, I believe the move will be of significant benefit to them, and I would look forward to continuing our work well into next year as part of a transition period,” he added.
Patrick C Joyce started the family business in Headford in 1951 with a small grocery store and followed this with a travelling shop and then developed into a general supermarket.
Pat Joyce took over the business in 1988 and since then nine more supermarkets have been opened in Knocknacarra, Athenry, Tuam, Inverin, Ballybane, Fr Griffin Road, Doughiska, Oranmore and Oughterard. The group employs over 500 people.
Tesco Ireland chief executive Kari Daniels said the deal is part of the company’s strategic ambition to bring its quality and value to more customers: “I look forward to bringing Tesco to more communities in Galway in the year ahead – this agreement provides a great platform for us to bring our value, quality and range of products to more customers.”
“Pat Joyce, the management and wider team at Joyce’s Supermarkets have built a fantastic business over many years and there are great aspects of the Joyce business that can complement our Tesco offering,” Daniels added.
As part of its commitment to Irish agri-food, Tesco also said it will engage with suppliers to the Joyce business to identify and develop opportunities.