A legal action brought by Penneys aimed at having Superquinn vacate a premises in Naas which the clothing retailer plans to redevelop has been resolved, the High Court heard today.
On Wednesday, Primark, which trades as Penneys in Ireland, was granted permission by the High Court to bring proceedings against the supermarket operators due to their alleged failure to vacate the premises by the end of last month.
The court had granted Primark short service, on an ex parte basis, to bring motions seeking to have Superquinn vacate the premises immediately arising out of Primark's claim that alleged failure to leave had "hindered plans" it has to redevelop the site in the Co Kildare town.
However, Mr Justice Patrick McCarthy today agreed to strike out the case after being informed by counsel for Penney's, Michael Cush, that the matter between the parties had been resolved on terms.
Counsel for Superquinn Aidan Redmond said that his clients were consenting to the matter being struck out. No details of the terms of settlement were revealed in open court.