Massy’s big plans

CEO talks about expanding in Barbados

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.

 

5 Responses to Massy’s big plans

  1. Frank Fowler
    Frank Fowler July 4, 2014 at 10:46 am

    Looka how happy everybody is.

    Reply
  2. Sanderson Rowe July 4, 2014 at 5:13 pm

    If only we had given such support to Neville Rowe.

    Reply
  3. jr smith July 5, 2014 at 11:38 am

    i a bajan living and working in the UK, hoping to return to barbados with some direct plans to start a few projects. Nothing is scaring me most than dealing with the the banks management which mostly are bajans and always intend not to really help, so long you are bajan.
    Friends and myself always come to the same conclusion, bajans would always be the workers /shirkers not wanting the hard work and the responsibility which comes with businesses.
    Looking back 50 years you could easilly see who own businesses beyond the cottage industry and identify they back ground. not really the local bajan. on the back of this comes the fact,that most of the old businesses are dinosours and they are failing , hence the lack of following world trends to improve management and business restructing.
    You cannot blame the Trinnis, they are finding it easy as claims bajans are educated, but what are they doing that so call bajans business could not have gotten together and done.
    The trouble bajans are always thinking we would always have the tourist coming, no real effort to do anything is and has been achieve decade after decade.
    Bajans and black people have lost our culture to religious movements and the bible, lacking no real initiative to do nothing more than pray and build places of religious meeting.
    Its easy to see bajans cannot control they families cannot economicall run they house holds, cannot put they heads together to do anything to help themselves or others.
    Bajans are stealing from they own friends and family farms finding places to plant ganga and cant find places to plant vegatables and crops of groung provisions, what is left of our island for other foreigners to buy up.
    Cant blame the Trinnis they are right. bajans are lazy people and they paying for this stupid term of being laid back. big deal

    Reply
  4. Donjuan August 29, 2014 at 11:53 pm

    i a bajan living and working in the UK, hoping to return to barbados with some direct plans to start a few projects. Nothing is scaring me most than dealing with the the banks management which mostly are bajans and always intend not to really help, so long you are bajan.
    Friends and myself always come to the same conclusion, bajans would always be the workers /shirkers not wanting the hard work and the responsibility which comes with businesses.
    Looking back 50 years you could easilly see who own businesses beyond the cottage industry and identify they back ground. not really the local bajan. on the back of this comes the fact,that most of the old businesses are dinosours and they are failing , hence the lack of following world trends to improve management and business restructing.
    You cannot blame the Trinnis, they are finding it easy as claims bajans are educated, but what are they doing that so call bajans business could not have gotten together and done.
    The trouble bajans are always thinking we would always have the tourist coming, no real effort to do anything is and has been achieve decade after decade.
    Wow Jr. Smith, you said a lot, of Nothing.

    Bajans and black people have lost our culture to religious movements and the bible, lacking no real initiative to do nothing more than pray and build places of religious meeting.
    Problem with religion, with God. Don’t Blame God for your lack of Earthly Treasure. People worship regardless of Race, Creed or class. Whites, Blacks, Indian and the list goes on all worship.
    Its easy to see bajans cannot control they families cannot economicall run they house holds, cannot put they heads together to do anything to help themselves or others.
    Bajans are stealing from they own friends and family farms finding places to plant ganga and cant find places to plant vegatables and crops of groung provisions, what is left of our island for other foreigners to buy up.

    First of all, its Ground provisions, but I guess that goes with the Dung you trying to spread here. Let me educate you a little. Barbados only true resource has been God and its people. Unlike the other countries who have tons of Natural resources our only resource has be our people. Why do you think the Trinis, chinese and all the others who flock to this shore to setup business and call it home come. They come because it is politically stable, its people are generally friendly and kind, its has done exceptionally well economically. It has always traded at at 2 for 1 USD. This is one of the main reasons why the Trinis come obviously it makes more sense financially. Do the math.

    Reply
  5. Donjuan August 30, 2014 at 12:13 am

    You are a Bajan living and working in the UK. What have you done to improve the land you seem to hate.
    The Bajan Banks don’t lend you money to start your business.
    They have lend others, what is so different about you. All lending institutions require some sort of security for the risk. Meet the requirements and surpass it. Yes, there is some merit in your accusation about the banks but remember it is not the lending officer you see and deal with that rejects your loan, its management and the board.

    Reply

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