Jamaican Teas sells supermarket
Jamaican Teas Limited (JAMT) has advised that it has entered into an agreement for the sale of JRG Shoppers Delite Enterprise Limited, a subsidiary of Jamaican Teas, currently operating in Savanna-la-Mar under the name ‘Shoppers Delite’.
The company listed October 31, 2016 as the effective sales date, according to a notice on the sale posted to the Jamaica Stock Exchange (JSE). JAMT operated three supermarkets, but only the one in Kingston made consistent profits. Sales at the other ventures were increasing but not in line with expectations.