Musgrave to spend €80m as grocery group returns to profit

The Cork-headquartered group — which owns the SuperValu, Centra, and Daybreak retail grocery brands — yesterday, via its annual report, reported a pre-tax profit of €67.5m for 2015 and sales of €4.4bn.
When the loss-making UK business — Musgrave completed the sale of its Budgens brand, there last September — is excluded, turnover amounted to €3.7bn, with pre-tax profits coming in at €52.8m.