Family businesses are a force for good

Family businesses are important. They are the lifeblood of local economies, they are innovative and nimble, and they are typically built for the long-term, passing from generation to generation.

At Musgrave we are a sixth-generation family business with a 140 year heritage. Not only that but we have a commitment to working and supporting other family businesses across the island of Ireland and Spain, whether that is our independent retail partners who run our market leading stores, artisan producers from our Food Academy and Food Service Academy programmes or family-run suppliers who we buy products from for our ten food brands.

Each one adds to the richness of our food and retail offering, they are committed and honest and they offer diversity within the sector.

Earlier this month we were extremely proud to accept the Top Family Business Award at the seventh European Families in Business Awards, held in Madrid. The awards recognise family businesses from across Europe that excel in areas such as stewardship, governance, growth, and sustainability and are judged by family business leaders and specialists.

The judges were particularly impressed with the way we engrain our values in our everyday work – values of long-term stable relationships; working hard; not being greedy; honesty and achievement.

They were also impressed by our cutting-edge governance structure and commitment to sustainability and customer well-being.

We believe that our purpose statement Growing Good Business sums up our family-business ethos. We are committed to not only growing a profitable business, but one that is a force for good – we want to grow good business.

That means growing sustainably and for the long term not just for the benefit of our shareholders, but for communities and the wider economy because if we prosper so too do our retail partners and the communities they serve.

We have focused our efforts on ensuring that, as well as growing our profits, we put as much effort into helping to build vibrant communities, improving the health of the nation and reducing our impacts on the environment around us. We want to leave a lasting legacy for future generations – one of prosperity, health, happiness and plentiful resources.

To find out more about Musgrave and our history, visit our 140 year anniversary page.

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