3 days ago
- Business
- Belfast Telegraph
Wholesale and retail giant Musgrave spent £1.2bn in NI economy last year
Musgrave NI, which owns the Centra, Mace and SuperValu names, has published a report on its economic contribution prepared by economists at Grant Thornton on the company's behalf.
The report said the company supports 5,000 jobs while working with 250 NI suppliers, and 'investing significantly in local communities'.
The report said it had spent a total of £1.2bn across the NI economy in 2024, adding £329m in Gross Value Added (GVA) and paying £121.5m in wages, representing 3.7% of sector employment.
The report also said Musgrave, which has operated here since 1983, has invested £240m in NI supply chain partnerships and worked indirectly with over 3,000 farmers.
Grant Thornton calculated that Musgrave's total spend with NI suppliers amounted to a further £256m in indirect expenditure.
Last year, the company launched new brand, Good Food Locally Sourced, in a £14m investment in partnerships with local suppliers.
It also made capital investments of £16m in new and refurbished stores and energy-saving upgrades.
Across the SuperValu, Centra and Mace brands, Musgrave operates over 220 stores across Northern Ireland and plans to grow the network in 2025 and beyond.
Trevor Magill, Musgrave NI managing director, said: 'Right across the board, we have deepened our investment in Northern Ireland over the past year through new store openings and refurbishments, environmental initiatives, local sourcing partnerships, and impactful charity contributions.
'To see this all accumulate into a figure of £1.2bn in economic output makes me incredibly proud of our team and the efforts that are made.'
Andrew Webb, chief economist at Grant Thornton said: 'To be responsible for injecting £1.2bn of spending into the economy in one year is an incredible feat and something that doesn't happen without momentous effort.'
Musgrave NI's wholesale division includes Musgrave Marketplace, Drinks Inc., La Rousse Foods and recently acquired businesses Robb Wines, Parkview Provisions and AFT.
