Annual report & review 2006 - Shopic.com

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In practical terms, every part of our business puts consumers at the heart of its value proposition. Nothing is more important Musgrave Group Plc Annual Report & Review 2006
Interview with our Group CEO Making a difference Musgrave’s Group CEO, Chris Martin, reflects on his first two years at the helm How would you characterise Musgrave’s business today Chris Martin: We work with entrepreneurial food retailers to provide the consumer with a food offer that is different and better. Creating food businesses that are different and better is our DNA, and is the way we compete in today’s market place. And it’s important to understand that the four markets in which we operate are highly competitive. In the Republic of Ireland, for example, we’re talking about a growing retail food sector worth about €13 billion annually. The fact is consumer behaviour is changing – people want to shop more in tune with their personal values. They’re concerned with their own wellbeing and that of their families and their impact on the community. They want to live more sustainably and want to consume products and services which are more sustainable. Today our business isn’t just about responding to these changes. On the one hand, it’s about working with our retail partners – drawing on their local intelligence and experience – to anticipate such changes and to deliver a food business that satisfies, delights and surprises consumers, while generating improved revenues for retailers. And on the food services side, it’s about anticipating the needs of today’s chefs and caterers and using our experience and buying power to create a 21st century solution that addresses the very specific needs of this important growth sector. innovative ways to help independent retailers succeed in very competitive retail environments. This involves working with them to ensure quality and value is delivered to consumers through excellent products and services, supported by well‐defined brands. Strengthening and energising those brands has been something on which we’ve focused a great deal over the past 12 months. You’ve now been CEO for two years. How has the business changed CM: The past couple of years have been about building on our strengths to develop and implement a consistent vision right across our business. This is especially important now we have multiple brands operating in four distinct markets – the Republic of Ireland, Northern Ireland, Great Britain and Spain. In all these markets – and with all our brands – my priorities have been to drive up standards and find For me, effective branding is all about clarity and focus. It’s about recognising and leveraging our strengths. A good example is the ‘real food, real people’ concept associated with SuperValu. This tells consumers exactly what this brand is all about: when you go into a SuperValu store, you’ll find real, independent retailers with their own ideas about how to deliver value and innovation to their customers. You’ll also find real bakers, real butchers, real cheese experts and experienced greengrocers. It’s an important differentiator for consumers and a great organising principle for the business. ‡ Musgrave Group Plc Annual Report & Review 2006
Page 1 and 2: Annual report & review 2006
Page 3 and 4: Musgrave at a glance 4 Our Chairman
Page 5 and 6: Musgrave at a glance hoW Do We SouR
Page 7: Our Chairman’s statement WoRkING
Page 11 and 12: Interview with our Group CEO orderi
Page 13 and 14: Interview with our Group CEO exciti
Page 15 and 16: Review of 2006 This is a year in wh
Page 17 and 18: Our business is all about respondin
Page 19 and 20: Review of 2006 Our innovative Marke
Page 21 and 22: Review of 2006 Our business in Grea
Page 23 and 24: Different & better - retailers & lo
Page 29 and 30: Budgens Virginia Quay Providing a h
Page 33 and 34: Different & better - consumers & co
Page 39 and 40: to meet international best practice
Page 41 and 42: Musgrave Group head office, Cork 41
Page 43 and 44: Responsibility charitable support A
Page 45 and 46: accordance with management’s auth
Page 47 and 48: Our board of directors peter Musgra
Page 49 and 50: Results Turnover amounted to €4,5
Page 51 and 52: Finance review Taxation The effecti
Page 53 and 54: Summary financial statements CONSOL
Page 55 and 56: Summary financial statements Notes
Page 57 and 58: Summary financial statements 5 Taxa
Page 59 and 60:
Summary financial statements 10 Ban
Page 61 and 62:
Summary financial statements 15 Rec
Page 63 and 64:
Summary financial statements Analys
Page 65 and 66:
Summary financial statements Moveme
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