Musgrave to fight off competitors

MUSGRAVE Group, owners of the SuperValu and Centra retail franchises, warned yesterday it will fight any challenge by competitors to its growing market share.

The group, second only to Tesco in the cut-throat retail sector, was responding to the latest price cut announcements by M&S of roughly 12%.

M&S, Britain’s biggest clothing retailer, said it will cut the price of clothing by 10% and homeware by 12% in its Irish stores with immediate effect.