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City Markets staff fight' must not happen again'

The City Markets debacle “must never, ever happen in this country again”, a representative for 350-400 of its former employees yesterday saying they would not accept “less than 80 per cent” of the severance pay due to them.

Super Value chief's 'not given up' on Harbour Bay lease

Super Value's president has "not given up hope" that he could yet take over the former City Markets' lease at the Harbour Bay Shopping Centre, telling

Dispute over City Markets severance

ANOTHER dispute has arisen over the calculation of severance packages for more than 300 former City Markets, Tribune Business was told yesterday, with claims that the now-closed supermarket chain's majority owners were basing payouts on reduced work weeks.

Benefits approved for City Markets staff

CITY Markets workers will be allowed to collect National Insurance benefits starting today, the government has announced.

Unions blast 'limbo' for City Markets staff

TRADE union executives yesterday reiterated that former City Markets employees cannot be left in "limbo" while a deal for the sale of the struggling food store chain is worked out.

City Market row could go to us court

CITY Market primary owner Mark Finlayson could soon face charges in the New York City Supreme Appellate court over the release of millions in unpaid pension money tied to the company's sale negotiations, employee spokesperson Whanslaw Turnquest yesterday confirmed.

Lightbourn Trading likely purchaser for ex-City Markets HQ

BAHAMIAN wholesaler Lightbourn Trading is the party in negotiations to acquire the former City Markets head office and warehouse complex from the supermarket chain's staff pension fund, Tribune Business can reveal, with the Finlayson family hoping to exit majority ownership of the latter "by the end of this week".

Ex-City Markets workersget $189k sale injunction

A GROUP of 10 former City Markets employees have obtained an injunction in the Supreme Court prohibiting the disposal of funds or assets worth $189,000 from the supermarket chain's pending sale to Super Value, according to court documents obtained by Tribune Business.

Super Value chief blasts 80% share claim as 'garbage'

By NEIL HARTNELL Tribune Business Editor Super Value owner Rupert Roberts yesterday blasted claims that his impending acquisition of City Markets' remaining store locations would give him an 80 per cent market share as "garbage" and "total rubbish", tell

City Markets staff allege 'conspiracy'

TEN Grand Bahama-based City Markets employees are alleging that the company and its principals deliberately altered their employment terms to "coerce and compel" them to leave voluntarily, thereby relieving the supermarket chain of the need to pay them severance and pension benefits.

City Markets name 'should have died'

THE City Markets name was what ultimately caused the struggling supermarket chain to fail to recover, a rival food retailer believes, telling Tribune Business that the Finlayson family "should have let the name die" when they acquired the 78 per cent majority stake back in 2010.

'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

Concern over pensions

WORKERS at City Market have raised concern over the security of their pension funds as the store approaches an impending closure. Whanslaw Turnquest, the foodstore chain's chief inventory auditor, said yesterday that staff now fear that the pension fund, worth millions, might have been depleted.

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