BFS Sale Pumps 9M Into Treasury

The government will earn around $9 million in stamp tax from the sale of Bahamas Food Services (BFS) to U.S. wholesale giant Sysco, providing a much-needed injection of cash into the public treasury.

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Govt Approves BFS Sale To Sysco

The government has approved the sale of Bahamas Food Services (BFS) to one of the largest corporations in the United States. Sysco, with revenue over $39 billion in 2011, will acquire the country's largest food distributor for an unknown sum.

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Pritchard blasts BFS sale to Sysco

A leading wholesaler has come out against Sysco's bid to acquire Bahamas Food Services (BFS), saying he does not support the move "by any stretch of the imagination". Robert E. C. Pritchard, vice president of Asa H. Pritchard Limited, told Guardian Business that the takeover will end up "hurting a lot of people".

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Talks Begin on BFS Sale to Sysco

Negotiations for Bahamas Food Services (BFS) to be sold to U.S. food supplier Sysco are underway and such a deal would be "the best thing ever" in the local food industry, according to the BFS former head of operations, Philip Lightbourne.

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BFS enjoys strong attendance at annual event

More than 145 financial services professionals from The Bahamas and internationally attended the annual International Business & Finance Summit (IBFS), hosted this past weekend in Marsh Harbour, Abaco.
Paul Winder, Chairman of the Bahamas Financial Services Board (BFSB) said, "Although relatively new, IBFS has its origins as a long-standing strategic planning vehicle for the Board, and the recent ...

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Kamalame Cay finds success with SandDollar payroll

NASSAU, BAHAMAS — On many of the family islands where there is limited to virtually no commercial banking presence, businesses are turning to approved digital payment solutions providers and utilizing the SandDollar as a means to quickly, safely, and efficiently process payroll and make necessary purchases. Portland Bain, Chief Financial Officer at Kamalame Cay, who [...]

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Captive insurance seminar set for next week

By STAFF WRITER
For The Guardian

A one-day insurance orientation seminar for the local business community is set for next week in an effort to build awareness on the domestic front of the Captive sector and related opportunities.
The event is hosted by the Bahamas Financial Services Board(BFSB)and association partners, the Bahamas Institute of Chartered Accountants, and the Insurance Institute of...

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CBFS deal for City Markets 'doesn't make sense at all'

The move by an affiliate of Bahamas Food Services (BFS) and its principal, Ben Frisch, to acquire the 78 per cent majority shareholding in City Markets "doesn't make sense at any level", one competitor believes, as Tribune Business sources confirmed that rival retailers were already taking steps to stop buying meat and other produce from the wholesaler.

The signing of a Memorandum of Understand...

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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...

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34th Bahamas Kennel Club Dog Show 2015

Sunday 22nd March 2015  9:00 AM

34th Annual All Breed Dog Show, Obedience and Agility Trials

Dogs will be exhibited in all levels of obedience, rally and agility competition and breed conformation from as far away as Canada. We also have a potcake class and a rescue parade which any dog can enter on the day. Good food & drink as well as dog related items will be on sale. The BKC is a non-profit club that donates to certain do...