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BFS may have a perspective buyer

THE Gladstone Road based food wholesaler Bahamas Food Services (BFS) may have a perspective buyer as some in the business community have suggested, although BFS manager Don Carnine told Tribune Business that he had no knowledge of such developments.

FNM chair: BFS IPO should be 25-30% stake

The FREE National Movement’s (FNM) chairman has criticised the Government for mandating that only a 15 per cent stake in Bahamas Food Services (BFS) be sold to the Bahamian public, telling Tribune Business any initial public offering (IPO) should involve at least 25-30 per cent of the company’s equity.

BFS deal: Require 25% stake sale to Bahamian investors

THE Government must ensure a minimum 25 per cent equity stake in Bahamas Food Services (BFS) is sold to the Bahamian public if it approves the company’s purchase by Sysco, a prominent businessman also warning it to guard against a food wholesale monopoly.

PM facing 'judgement call' over BFS sale

PRIME Minister Perry Christie yesterday said the Government was not close to making a final decision on the potential acquisition of Bahamas Food Services (BFS) by the multi-billion dollar US food distribution giant, Sysco, telling Tribune Business his administratio was having detailed discussions with rival Bahamian wholesalers on the deal’s likely impact.

Wholesalers fear BFS purchase a ‘done deal’

The Bahamian wholesale industry has been told that Government approval of Bahamas Food Services (BFS) acquisition by Sysco is “a done deal”, Tribune Business was informed yesterday, although administration sources were adamant that no final decision had been taken.

BFS purchase by Sysco ‘best thing that can ever happen’

A leading retailer yesterday backed any potential acquisition of Bahamas Food Services (BFS) by the multi-billion dollar Texas-based giant, Sysco, as potentially “the best thing that ever happened to the food services industry in the Bahamas”.

Rival wholesalers fear price ‘undercut’ from BFS/Sysco deal

Bahamian-owned food wholesalers would inevitably be “undercut” on price if Bahamas Food Services (BFS) were to be acquired by the multi-billion dollar Texas giant, Sysco, one warning yesterday that he could not see the deal getting government approval without Bahamian participation.

PM confirms approval for Sysco’s BFS deal

PRIME Minister Perry Christie yesterday confirmed that the Government had decided to approve Bahamas Food Services’ (BFS) takeover by multi-bilion US giant, Sysco, promising his administration would ensure that Bahamian wholesalers were not “unduly impacted” by the sale.

BFS acquisition decision 'not delayed much longer'

PRIME Minister Perry Christie said yesterday that the Government’s decision on the potential acquisition of Bahamas Food Services (BFS) by the multi-billion dollar US distribution giant, Sysco, was one that “would not be delayed much longer”.

Rival wholesalers to ‘strive and survive’ despite Sysco/BFS deal

RIVAL BAHAMIAN wholesalers can survive competition from US distribution giant Sysco, one local wholesaler/retailer telling Tribune Business: “There’s room for everybody.”

Hilton bids put Bahamas 'back in play' on FDI

THE MINISTER of State for Investments has confirmed “multiple offers” have been made to acquire downtown Nassau’s British Colonial Hilton hotel, proving that the Bahamas was “back in play” in attracting foreign direct investment (FDI).

Wholesalers hope Sysco leaves food retail for locals

WITH the Bahamas Food Services/Sysco deal moving forward, one Bahamian wholesaler yesterday expressed hope that Bahamian-owned suppliers could survive if the Texas-based distribution giant stuck to serving the hotel industry.

Bd Global Sports to host ‘Islands of the Bahamas showcase’

The Bahamas continues to be an attraction for major NCAA basketball and another event will be added to a stacked schedule this fall.

Exuma companies eye road project spin-offs

Exuma businesses are hoping a project to upgrade ten miles of the island’s roads will provide a much-needed boost to the economy and employment amid ongoing COVID-19 struggles.Caribbean Pavement Solutions (CPS), a Bahamas Striping Group of Companies

BFS chief 'unaware' of any purchase deal

BAHAMAS Food Services’ (BFS) top executive has told Tribune Business he is ‘unaware’ of any potential deal to acquire the leading food distributor, despite market talk that a purchase offer was being discussed.

Inaugural Baha Mar Hoops set for November 22-27

THE Baha Mar Resort and bd Global Sports have partnered on a new initiative to add another collegiate basketball event to a busy Thanksgiving holiday weekend this fall.

Battle 4 Atlantis relocates to U.S.

The Bahamas’ sports tourism product continues to suffer from the fallout of the COVID-19 pandemic with several major events on the local calendar relocated or postponed. The latest casualties were Complete Sport Management’s Battle 4 Atlantis presented by Bad Boy Mowers and bd Global’s Islands of the Bahamas Showcase. Both events will be relocated to respective locations in the United States.

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