A preferred bidder is understood to have been selected for the Silver Pail Dairy business in Cork, which went into examinership just before Christmas.
The Kerry-based hotel group that operates the five-star Hayfield Manor in Cork city last year enjoyed a post Covid-19 lockdown boost as pre-tax profits increased by 21pc to €5.03m.
Retail sales held steady last month following a lacklustre Christmas, with shop owners upbeat about rising footfall in store as online retailers’ share of sales halved since the peak of the pandemic.