Daybreak to open 37 additional Irish stores with €8.2m investment

  • 📰 IrishTimesBiz
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 77%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Musgrave-owned grocery chain’s expansion may lead to creation of several hundred jobs via IrishTimesBiz

Listen |Musgrave’s Thomas Morrison said the market for evening meals in particular has been performing “very strongly”.

“We are also cognisant that these are challenging times, with increased living costs and rising inflation. We’re continuously adapting to meet our customers’ needs and give them the best possible value,” he added. Musgrave, which is headquartered in Cork and also owns SuperValu and Centra, increased sales by 1 per cent in 2021 to breach the €4.5 billion barrier, its most recent accounts show. The company’s pretax profits also rose by about 12 per cent to more than €110 million in the year.

Of Musgrave’s group turnover, €3.8 billion was generated by its operations in the Republic, where it owns Daybreak, SuperValu and Centra as well as a chain of cash-and-carry outlets and the Donnybrook Fair upmarket retail chain that it bought in 2018 in a deal worth up to €25 million. Musgrave said in its annual report that it spent €40 million on revamps and new store openings in 2021.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Property market keeps slowing, Digital Service’s Bill’s future, and what work buzzwords to be ignoredBusiness Today: the best news, analysis and comment from The Irish Times business desk
Source: IrishTimesBiz - 🏆 6. / 77 Read more »