Musgrave, the Cork retail giant, has said it will take a number of years to nurse its loss-making British operations back to profitability.
Chris Martin, the chief executive of Musgrave, said the company had started the process of “turning around” the British division, but stressed that it would take time.
The Irish retailer last week reported a loss of €94.9 million in 2013 on foot of a €131 million write down of underperforming...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team