SuperValu and Centra deliver for Musgrave

Food retailer and wholesaler Musgrave, which owns the SuperValu, Centra and Daybreak brands, has reported a pre-tax profit of €73 million on sales of €3.7 billion for 2016, an increase of 3.4 per cent on a constant currency basis, as it reaped the rewards ofa transformation programme begun in 2014 to turn the business around and return to growth.

"Investing in our brands during the recession was a successful strategy positioning us to ...