Musgrave to ‘invest heavily’ in online shopping

Wholesale and retail company Musgrave is to “invest heavily” in online grocery shopping as Irish shoppers adjust their shopping habits, its chief executive has said.

Chris Martin was speaking as the Cork-founded company announced profits before tax of €73m for the 2016 financial year.

The SuperValu and Centra brand owner reported sales of €3.7bn, while shareholder funds were €249m at year end.