City Market’s weekend ‘Blow Out’ sale was designed to clear all existing inventory prior to the supermarket chain’s purchase, its current majority owner revealing a deal could close “within two weeks” and that it would retain a minority stake.
Mark Finlayson, principal of current 78 per cent majority shareholder, Trans-Island Traders, told Tribune Business that he was now negotiating with two separate international groups over the purchase of a majority stake in the struggling five-store City Markets chain.
