Budgens

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Supermarket Tesco’s £3.7 billion takeover of wholesale group Booker has been given the final all-clear after the competition watchdog said it would no(...)

Tesco has   purchased  Booker for €4.3 billion. Photograph: Simon Dawson/Bloomberg

Tesco’s proposed £3.7 billion (€4.3 billion) purchase of Booker, the UK’s largest food wholesaler and the company behind the Londis and Budgens chains(...)

The decision to sell the business comes after Musgrave last summer wrote down about €131 million in relation to the British operation

The UK Competition and Markets Authority has approved the sale of Musgrave Group’s loss-making British business to Booker for €57 million. The Cork-ba(...)

Musgrave chief executive Chris Martin: unless grocery spending takes off, Musgrave’s only other option for growth is to enter new product markets. Photograph: Jason Clarke Photography

How do you grow your business in a rather flat market with a legion of hungry, equal-sized competitors all fighting for the same customers? This is th(...)

Musgrave’s 2014 sales were relatively flat while it posted an operating profit from €66 million. Photograph: Eric Luke /The Irish Times

Musgrave, the Cork-based retail group that owns SuperValu and Centra, says it expects to return to profit this year after posting a net loss of €13 m(...)

Expanding a retail business into another geography is a notoriously tricky business. Tesco only cracked the Irish market second time around by acquiri(...)

SuperValu owner  Musgrave recorded a loss of €94.9 million in 2013.

Cork-based wholesale grocery group Musgrave recorded a loss of €94.9 million in 2013 largely due to poor trading in Britain.The company was dragged in(...)

Food group Musgrave has reported sales of €4.9 billion for 2012, up 11 per cent on the previous year. The company, which operates the Sup(...)