Tag: musgraves

Centra to open 30 new stores as part of €30m investment

Posted on | by Aisling Rafferty

Musgraves are planning a €30m investment into their Centra convenience retail brand, with plans to open 30 new stores. The retailer also plans to revamp a further 100 existing stores. The investment is expected to create 400 jobs.

The new stores will include eight greenfield sites while the remainder will be made up of retailers looking to take on the Centra brand, according to a spokeswoman for the brand.All of the new stores will be opened by the end of this year. The newly branded Centra stores will be spread across the country. Roughly 50 percent of the new jobs created will be as a result from the opening of greenfield sites.

The Centra brand was repositioned in 2016 as part of the “continued shift by consumers for healthier options”.In the past 12 months sales of the company’s “Grab & Go” sandwich range rose by 24 percent, impulse water purchases increased by 10 percent while salad box sales reached almost €2 million.The Frank and Honest Coffee brand, performed very strongly for the retailer, contributing to sales in the hot beverages category doubling in 2017. The coffee offering is currently available in 350 Centra stores and will be available in all the new stores.

“We are very happy with our performance in 2017 in what is an extremely competitive market. Our decision to reposition Centra in response to changing consumer trends, with customers increasingly choosing healthy options, has paid dividends,” said Martin Kelleher, Centra managing director. “We are well-positioned for the future with plans to open a further 30 Centra stores in 2018, highlighting the attractiveness of the Centra brand to independent retailers,” he added.

The retailer employs over 11,000 people in Ireland and has 450 stores.

Musgrave To Buy O’Loughlin Foods

Posted on | by Aisling Rafferty

The Musgrave Group are set to acquire O’Loughlin Quality Foods. The Wexford based, family run foodservice business has served the South East region for over 50 years. Representatives from CJ O’Loughlin Food expressed their delight at the acquisition by Ireland’s largest food wholesaler. Charlie O’Loughlin, MD of O’Loughlin’s and Jack O’Grady who is Sales Director commented that their team would “continue to deliver the very best in customer service”, and that the acquisition allowed them to amplify their customer reach.

Musgrave CEO Chris Martin said that “C.J. O’Loughlin Quality Foods is an excellent strategic fit for our business and complements our market-leading foodservice offer.” The acquisition is still set for clearance by the Irish Competition Authority.

News Source: http://www.hospitalityireland.com/musgrave-to-acquire-foodservice-provider-c-j-oloughlin-quality-foods/23645

Musgrave get the clear for €57 million deal to sell UK division

Posted on | by Aisling Rafferty

Irish Retail giant Musgrave have received regulatory clearance to sell its UK operations. It is believed that the deal will be worth around €57 million and will be sold to a rival UK wholesale giant Booker. Musgraves, which is based in Cork operate the Budgens and Londis brands and have close to 1800 across the UK.

Booker is the UK’s biggest cash and carry operator and the deal have been cleared by the Competitions and Market Authority. It will be sold on a cash free and debt free basis. The acquisition is set to be complete in and around September 14th.

Musgrave currently own and operate the Supervalu brand in Ireland. In a statement, Musgraves said ‘’ “Musgrave Group today noted the decision of the UK Competition and Markets Authority to approve the sale of Musgrave GB to Booker Group PLC. Musgrave Group will now move to complete the transaction with Booker.”

Booker commented “We are pleased that the acquisition of Londis and Budgens has been cleared by the CMA. This will help strengthen our support for independent retailers throughout Great Britain.”

Source: http://www.independent.ie/business/supervalu-owner-musgrave-gets-green-light-for-57m-deal-to-sell-uk-division-31498934.html

Musgrave to sell its British Business for €57 million

Posted on | by pointblank_admin

Musgraves is to sell its British business which operate Budgens and Londis brands to Bookers for €57 million. The move will mean that Musgraves will concentrate on its operation’s in the Republic, Northern Ireland and Spain. The deal is subject to regulatory approval and on a debt free basis.

Chris Martin, Chief Executive of the Musgraves Group said the decision was taken after careful evaluation of options. The UK wing of Musgraves has been loss making, they furthered. Mr Martin said ‘Having received a proposal from Booker, we concluded that a sale to Booker is the right thing for the group and would be the most advantageous outcome for our retailers, colleagues and suppliers in Great Britain,”

Musgrave will develop a strategic partnership with Booker, which could see the companies collaborate on digital innovation and buying opportunities, sharing of best practice and to achieve cost savings and efficiencies for the business.

Source: http://www.irishtimes.com/business/retail-and-services/musgrave-to-sell-british-business-to-booker-for-57m-1.2220873

Musgrave to sell its British Business for €57 million

Posted on | by pointblank_admin

Musgraves is to sell its British business which operate Budgens and Londis brands to Bookers for €57 million. The move will mean that Musgraves will concentrate on its operation’s in the Republic, Northern Ireland and Spain. The deal is subject to regulatory approval and on a debt free basis.

Chris Martin, Chief Executive of the Musgraves Group said the decision was taken after careful evaluation of options. The UK wing of Musgraves has been loss making, they furthered. Mr Martin said ‘Having received a proposal from Booker, we concluded that a sale to Booker is the right thing for the group and would be the most advantageous outcome for our retailers, colleagues and suppliers in Great Britain,”

Musgrave will develop a strategic partnership with Booker, which could see the companies collaborate on digital innovation and buying opportunities, sharing of best practice and to achieve cost savings and efficiencies for the business.

Source: http://www.irishtimes.com/business/retail-and-services/musgrave-to-sell-british-business-to-booker-for-57m-1.2220873