Barbados should have its seventh Massy Stores Supermarket within the next two months. Additionally, the Massy Foundation is to be launched here by the end of next month.
The new Massy Stores Supermarket will be located at the Sky Mall in Haggatt Hall, St Michael.
President and chief executive officer of the group Gervase Warner told Barbados TODAY the final touches were being made on the supermarket and it should be opened soon.
“I don’t have the exact date but we are just doing some modifications to the internals of the store so within a month or two I would expect is when it will reopen,” said Warner, shortly after the rebranding of the company at the Dome Mall on Tuesday.
The supermarket space was previously occupied by Trimart Supermarkets, which vacated the premises earlier this year. Operators of that supermarket say the flagship outlet would be moving to new premises owned by its parent company ANSA McAl Barbados Ltd.
While Warner was unable to give the exact number of employees the new store would have, he said it would be “a regular complement” that would be needed to efficiently run the operations there.
“We are going to create, not destroy employment. Our strategy is for growth,” he added, saying that because the company was rebranded did not mean it would affect employment negatively.
In a separate interview, Country Manager for Barbados, Frere Delmas, said there were plans to move ahead with construction on the company’s Kendal Hill, Christ Church property.
Opting not to give details, Delmas said designs were being conceptualised for the operations to be located there, adding that “we have some interested tenants”. Work should begin in late 2015 or early 2016.
The group currently employs approximately 3,500 people across its operations in Barbados and about 10,000 across its entire group.
Warner said while there were no immediate plans to set up a Massy Communications firm here like that in Trinidad, there would certainly be an opening of the Massy Finance operations.
“For the finance company we are taking the hire purchase credit portfolio out and creating a finance business around it, taking the classic card business out and making a finance business around it. So we will be building a consumer finance organisation here in Barbados like we have in Trinidad,” said Warner, adding that “we are not going anywhere”.
“I would say that within the next six to 12 months we will actually have a physical organisation. We will be able to do the accounts for that entity. These are activities we are already doing; we are just going to pull them out and segregate them and then actually start to grow that activity as a business,” he explained.
During the rebranding ceremony, it was announced by Warner that the conglomerate was expanding its reach around the world with operations being set up in some Latin American countries.
The Dome Mall is expected to become home for approximately 30 small businesses when it officially opens at the end of this month.