All in the family
We’re tremendously proud to be a fifth generation family business. Our unique ownership structure gives us a long-term orientation that traditional public firms often lack.
Family businesses supply approximately half of the jobs in Europe and the Americas and include many market leading brands – Mars, Mittal, Hermes, Hyundai, BMW, SK Telecom, Hutchison, Fiat, Ford, Samsung, Toyota and Wal-Mart.
Our family structure has made possible many of investment decisions that have sustained the business during downturns and enabled us to emerge as a market leader as the economy improved.
The Global Family Business Index provides an intriguing catalogue of the Top 500 family firms. And this report in Forbes magazine profiles the largest 25 companies.
Our long term approach to relationships and business means that we place great emphasis on the core responsibilities that any good business should have: to look after its people and customers, to minimise its environmental impact and to produce sustainable wealth for the benefit of all stakeholders in the long term – not just for short term financial gain.
In September 2015, countries adopted a set of seventeen UN Sustainable Development Goals to end poverty, protect the planet, and ensure prosperity for all as part of a new sustainable development agenda. Each goal has specific targets to be achieved over the next 15 years.
Successful family businesses invariably promote robust, well understood values that inform everything they do. This is because strong values serve to set these businesses apart, requiring colleagues to think and act differently towards colleagues, brands and the business as a whole.
Musgrave values are about long-term stable relationships, not being greedy, honesty, working hard and achievement. They impact everything from governance to how we work with suppliers and how colleagues around the business work with each other.
We‘re proud to be Irish and support vibrant, local communities. This support of independent businesses and communities helps create the local multiplier effect. For every €1 spent in a local business, 45 cent is reinvested locally. For every €1 spent at a corporate chain, only 15 cent is reinvested locally.
As well as supporting thousands of other family businesses in local communities, we partner with local organisations, charities and government to secure a sustainable future.
For example, for the third year running we’re involved in Feeding Ireland’s Future, a joint initiative between the Government and industry which supports young unemployed people with pre-employment skills.
2015 marked the 24th year of SuperValu’s sponsorship of the national TidyTowns competition, the longest running sponsorship in Ireland and one we are extremely proud to be associated with through the years.