Search results for : supermarkets
Fitzgerald/Finlayson Lead City Markets Race
November 07, 2010
Fitzgerald/Finlayson Lead City Markets Race
CITY MARKETS' majority shareholder is now in talks to sell its 78 per cent equity stake in the 11-store supermarket chain, now said to be on life support, to the group headed by PLP Senator Jerome Fitzgerald and his business partner Mark Finlayson, Tribune Business can reveal, the previous deal with Bahamas Food Services' (BFS) principal having fallen through.
Multiple sources in the food retai...
City Market sale finalized
November 11, 2010
City Market sale finalized
Bahamas Supermarkets Ltd (BSL), operators of the City Market food stores, late Wednesday finalized the sale of 78 percent of its shares to the 100 percent Bahamian-owned Trans Island Traders Ltd. group.
Trans Island is headed by businessman Mark Finlayson, who employees have labeled "the comeback kid."
The company is now awaiting Central Bank approval of the deal. Well placed sources estimate that...
November 10, 2010
City Markets employees 'in the dark' over future of the company
By TANEKA THOMPSON
Tribune Staff Reporter
tthompson@tribunemedia.net
EMPLOYEES at City Markets claim they are still in the dark about the company's future as the union representing some 380 of the 700 workers awaits word from management over the reported sale of the supermarket chain.
Their uncertainty comes as Tribune sources last night suggested City Markets' majority shareholder, BSL Holdin...
Savemore Food Store Opens in Grand Bahama
November 11, 2010
Savemore Food Store Opens in Grand Bahama
Freeport, Grand Bahama - Savemore food store opened in Grand Bahama Thursday,
November 11th after much speculation on the date within the community. The
22,500-square foot building, formerly the Pegasus Warehouse, has been
completely upgraded including new electrical wiring, state of the art "green"
appliances and a total redesign of the spacious interior.
Renovated by local
Bahamian construction...
Full disclosure call for City Market
November 12, 2010
Full disclosure call for City Market
Calls for a "final account" detailing exactly how and why finances at City Market hit rock bottom have been made as minority shareholders eagerly await a turnaround at the company by new management.
These calls come after Guardian Business reported yesterday of Bahamas Supermarkets Limited's (BSL) 78 percent share sale to the Mark Finlayson-led Trans Island Traders Ltd. The sale took place on Wedn...
City Markets in 7m 'blessing in disguise'
December 14, 2010
City Markets in 7m 'blessing in disguise'
By NEIL HARTNELL
Tribune Business Editor
City Markets' new majority shareholder said the "mutual agreement" to exit its second store location within a week could be a collective $7 million "blessing in disguise" for both its former landlord and itself, enabling the supermarket chain to deploy resources to better locations where it will "make more than we've lost in terms of sales".
Mark Finlays...
City Markets eyes 18,000 SKUs by end February '11
December 28, 2010
City Markets eyes 18,000 SKUs by end February '11
By NEIL HARTNELL
Tribune Business Editor
City Markets is targeting end-February 2011 to increase its product lines by a further 4,500 and bring them up to 18,00o SKUs (stockeeping units), as its management team prepares to focus on the company's three Freeport stores and reverse a disappointing sales performance for the Christmas season to date.
Mark Finlayson, head of Trans-Island Traders, the...
ABDAB likelymake 20-30City Marketsinvestment
July 11, 2011
ABDAB likelymake 20-30City Marketsinvestment
The Associated Bahamian Distillers and Brewers (ADBAB) is likely to acquire only a 20-30 per cent interest in either City Markets or its majority owner, with the latter set to approach minority investors to gauge their appetite for participating in a rights offering.
Mark Finlayson, principal of 78 per cent controlling investor, Trans-Island Traders, told Tribune Business that ABDAB, in which h...
City Markets mulls three stores' future
July 11, 2011
City Markets mulls three stores' future
City Markets is mulling the future of three stores, one of which has been the subject of multiple acquisition offers and two where existing leases are coming to an end, as it assesses whether to "focus on the six stronger stores".
Mark Finlayson, principal of the nine-store supermarket chain's 78 per cent majority shareholder, Trans-Island Traders, told Tribune Business that apart from the Eigh...
Healthy and fresh
May 25, 2021
Healthy and fresh
Bluefields Farms' initial research and development started as the Aquaponic Research Center in 2013, with a goal to bring awareness to the alternative to growing food and its benefit to the country. In 2016, they began their commercial aquaponic operation servicing hotels, restaurants, supermarkets, purveyors and chefs.In 2019, the center rebranded to what is now known as Bluefield Farms with the ...
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