WHOLESALERS TOLD: WORK WITH CITY MARKETS OR WRITE OFF SUMS OWED

Sun, Sep 11th 2011, 11:00 PM

By NEIL HARTNELL

Tribune Business Editor

CITY MARKETS' principal yesterday said he was "not willing to do business" with a number of Bahamian wholesale suppliers because of the terms they were seeking to impose, adding that relations between the two sides were "back to where we started" in November 2010.

Mark Finlayson, head of Trans-Island Traders, the 78 per cent majority shareholder in the supermarket chain, told Tribune Business that after an agreement was reached between City Markets and Bahamas Wholesale Association members to settle the debts owed to the latter by the former's previous owner, a number of suppliers turned around and imposed "credit limits...

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