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News
10 November 2002
Local
businessman buys Nicholsons of Fgura
Fgura: The Nicholsons Supermarket of Fgura will soon open
again under new management. A local businessman has bought-off
the supermarket who has closed several months ago. The only Nicholson's
supermarket's which are still opened for customers are at Sliema
and Attard.
Mr John Buttigieg, owner of the pubs Scotsman and Ryan's in
St Julians and owner of Papillon restaurants in Hamrun and Balzan
will be the new owner of the supermarket at Gallarija, Fgura.
The main concern with the Nicholsons chain of Supermarket
is that the property of the chain is rented, unlike the Price
club which owns all the property at its Supermarkets.
Problems regarding the Nicholsons Supermarket Chain had been
evolving for a long time but the owners of Nicholsons have agreed
to keep the ones at Sliema and Attard as they feel they were the
only two viable ones.
The Directors of Nicholsons Supermarket seem to have set their targets.
They are to keep the Chain of Supermarkets alive, to safeguard the
jobs and to come to terms with the creditors.
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