Search results for : supermarkets

Showing 1 to 10 of 357 results


News Article

April 28, 2014
'Exponential' business costs increase from VAT exemptions

Putting forward a position that supports the view of major grocery retailers in the country, John Shewan and Don Brash, value-added tax (VAT) consultants from New Zealand, have come out strongly against exempting breadbasket food items from VAT, suggesting it could increase compliance costs "exponentially".
Supporting the position of members of the Retail Grocers Association, who have expressed ma...

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News Article

November 17, 2010
'Has patient lost too much blood'

By NEIL HARTNELL

Tribune Business Editor
business@tribunemedia.net

THE acquisition of a 78 per cent majority stake in struggling City Markets was completed by businessman Mark Finlayson and his family on Friday, sources familiar with the situation told Tribune Business yesterday, as one rival - while praising the new owners for rescuing some 700 jobs - questioned whether "the patient may have lo...

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News Article

February 27, 2011
'Hostile' 12m AML offer is withdrawn

By NEIL HARTNELL

Tribune Business Editor

BUSINESSMAN Mark Finlayson is withdrawing his $12 million 'hostile takeover' bid to acquire a 51 per cent majority stake in AML Foods, after the Associated Bahamian Distillers and Brewers (ABDAB) Board decided the company's shareholders would gain better returns from City Markets' organic expansion instead.

Speaking with Tribune Business following last w...

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News Article

December 20, 2011
'Month's End' Target on City Market's Audit

BAHAMAS Supermarkets' principal yesterday said the struggling grocery chain was seeking to bring its audited financial statements "up to date by the end of the month", after the stock market regulator refused to grant it another extension for the filing of its year-end accounts.

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News Article

March 28, 2012
'Serious' Bahamas groups assess City Markets deal

By NEIL HARTNELL

Tribune Business Editor

CITY Markets' principal yesterday said "two very serious" Bahamas-based players were now assessing the possible acquisition of the struggling five-store supermarket chain, describing them as "some of the most respected business people in this town and business".

Mark Finlayson, head of the Finlayson family-owned vehicle, Trans-Island Traders, which holds...

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News Article

March 29, 2012
'Serious' Bahamas groups assess City Markets deal

By NEIL HARTNELL

Tribune Business Editor

CITY Markets' principal yesterday said "two very serious" Bahamas-based players were now assessing the possible acquisition of the struggling five-store supermarket chain, describing them as "some of the most respected business people in this town and business".

Mark Finlayson, head of the Finlayson family-owned vehicle, Trans-Island Traders, which holds...

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News Article

October 25, 2011
'We have our customer base back'

City Market's Sea Grapes store is reporting sales this past weekend that reached 99 percent of levels achieved for the comparable weekend two years ago, signalling better times for the food store chain are around the corner, according to the company's vice president. Nikki Finlayson-Boeuf said she was pleased to see such robust sales so soon after reopening the location.
Meanwhile, Guardian Busin...

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News Article
'Xtra Valu' Rises In Oakes Field
November 06, 2012
'Xtra Valu' Rises In Oakes Field

The Oakes Field Shopping Centre will soon be re-energized with the opening of a major supermarket at the old City Market location.

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News Article

March 20, 2013
1.5M Quality poised to open in Seagrapes

A new $1.5 million Quality Supermarket store is set to open in the Seagrapes Shopping Center next month.
Rupert Roberts, the owner of Super Value, told Guardian Business that next month's opening will create the third store under the Quality Supermarket banner, representing a total investment of around $4.5 million.
Its opening should create dozens of new jobs.
The well-known businessman acquired ...

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News Article

January 30, 2011
12m 'hostile offer' not in AML's interest

By NEIL HARTNELL

Tribune Business Editor

AML Foods' chairman last night branded the $12 million offer by City Markets principal, Mark Finlayson, to acquire 51 per cent majority control of the BISX-listed food retail group as "not in the best interests of all shareholders", telling Tribune Business it would leave them "at the mercy of an untried and unproven" management team.

Describing the anno...

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