Jamaican business mogul Gassan Azan is on the cusp of inking an acquisition deal for Hucor Holding NV, the representative of fast food franchises Subway, Pizza Hut, and KFC in Curaçao. The US multimillion-dollar acquisition is being done through Azan’s investment vehicle Alfabet Holdings Inc and is expected to be completed sometime this year, he told the Jamaica Observer last Thursday. It will also give Azan control of novelty supply.
Retailers across the island say sales were low over the recent Christmas season compared to previous years. Though stores ramped up sales promotions and offered discounts during the holiday period, inflation and the fact that Christmas Eve (traditionally the day with the highest consumer traffic) fell on a Sunday were cited among the reasons for the poor sales. Anthony Pearson, principal of Lloyd’s Department Store in Montego Bay, St James.