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Productive Business Solutions merging with Trinidad s Massy Technologies
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Lisa Agard confirmed as new TSTT CEO
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Massy takes over Montrose
Article by May 21, 2021
The supermarket battle to win over the growing price-conscious segment of the market is about to intensify.
Having shelved its plan a few years ago to construct a megastore in the Kendal Hill, Christ Church area, having been beaten to it by the hugely successful Popular Supermarket, sources say, Massy Barbados is about to respond with the opening of its budget brand Price Lo about a mile away from Popular.
According to well-placed sources, Massy, which operates superstores in Warrens, Holetown, and Oistins, will be taking over Montrose Supermarket, a family-owned, community supermarket that has operated for almost four decades.
Massy Stores donates 300 cots to shelters in SVG
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Massy group profits continue to climb
Article by May 13, 2021
Yet another regional conglomerate operating in Barbados is registering significant profit growth, even as the COVID-19 pandemic depresses Caribbean economies.
In its half-year unaudited financial report just published, the Port-of-Spain- based Massy Group is defying the pandemic uncertainty, reporting a TT$50.28 million (BDS$16.76 million) increase in profit from continuing operations, for the six months ending March 31.
Profit from continuing operations for the half-year increased from TT$264.017 million (BDS $88.023 million) to TT$314.302 million (BDS $104.767 million). The Massy Group achieved this success despite a slight drop in revenue from continuing operations during the review period.