The QUINN group is a business group headquartered in Derrylin, County Fermanagh, Northern Ireland. The group has ventured into cement and concrete products, container glass, general insurance, radiators, plastics, hotels, and real estate. It was formed Seán Quinn in 1973, developing from a small quarrying operation in Derrylin into a large organization, employing over 8,000 people in various locations throughout Europe.
Since 2004, the Group saw great expansion throughout Europe, with radiator and plastic manufacturing plants in the United Kingdom, Germany, Belgium, France, Spain and Slovakia. The QUINN group property portfolio also includes hotel and business centres in Poland, Bulgaria, Ukraine, Turkey, and Russia. Its first venture into the cement industry was in 1989. The commissioning of its first container glass plant was in 1998. The acquisition of the health insurer, Bupa Ireland, took place in 2007.
On 30 March 2010, following an application by the Central Bank of Ireland, the High Court appointed joint provisional administrators to Quinn Insurance Limited.
In April 2011, a share receiver was appointed to Anglo Irish Bank (to which the Quinn Group owe over €2.8 billion), who took control of the Quinn family’s equity interest in Quinn Group. Sean Quinn and the Quinn family no longer have any role in the management, operations or ownership of the Quinn Group. Seán Quinn was declared bankrupt in the Republic of Ireland on 16 January 2012.
Read more about QUINN Group: Financial Situation, Financial Uncertainty in Early 2010
Famous quotes containing the words quinn and/or group:
“In Europe an actor is an artist. In Hollywood, if he isn’t working, he’s a bum.”
—Anthony Quinn (b. 1915)
“The government of the United States at present is a foster-child of the special interests. It is not allowed to have a voice of its own. It is told at every move, “Don’t do that, You will interfere with our prosperity.” And when we ask: “where is our prosperity lodged?” a certain group of gentlemen say, “With us.””
—Woodrow Wilson (1856–1924)