April 1, 2012
Mark Finlayson
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'No question' over AML-City Markets deal if left to chiefs
CITY Markets' principal yesterday said "there's no question" that a Joint Venture partnership with BISX-listed AML Foods would have been secured if he had been negotiating solely with the latter's chairman, while confirming that the Finlayson family had initially sought Board control.
'Saving jobs is the priority, not paying compensation'
SAVING jobs not dishing out compensation is the priority in the talks over the future of City Market says its boss.
City Markets staff 'want to have cake and eat it, too'
CITY Markets principal, Mark Finlayson, in addressing employee concerns over compensation packages, yesterday said the "primary" issue in negotiating the sale of the five-store chain was saving jobs, telling Tribune Business the situation was different in Freeport where severance payments would have to be made.
Wednesday targeted for City Market close
CITY Markets principal has told Tribune Business that a deal to sell the supermarket chain's remaining four stores to Super Value had been finalised, adding that attorneys still sorting out the paperwork had suggested it might close on Wednesday.
City Markets sale on track for Friday close
CITY Markets' principal yesterday said the supermarket chain was still on course to conclude the sale of its remaining four New Providence stores to Super Value by Friday, adding that the details had been determined already between himself and Rupert Roberts.
City Meat chief: $6-$10m to turn 4 stores around
CITY Markets' principal believes an investment of between $6-$10 million is required to turn the supermarket chain's remaining four New Providence stores around, telling Tribune Business he aimed to close their sale to Super Value "by the end of this week".
Finlayson slams pension lawsuit
CITY Markets principal, Mark Finlayson, yesterday slammed a lawsuit alleging that "all or most of the funds" in the supermarket chain's staff pension plan had been disposed of, telling Tribune Business: "I have never done anything contrary to the laws of the Trust".
'Lifeline' for City Market workers
Boss promises 400 jobs will be secured
A MAJOR Bahamian owned food store chain is negotiating to buy the financially struggling City Market ¬– offering a lifeline to hundreds of workers, says the company’s bos
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