Friday September 25, 2020

Musgrave turning around' British operation

Musgrave, the Cork retail giant, has said it will take a number of years to nurse its loss-making British operations back to profitability.

11th May, 2014

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...

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