The former City Markets’ supermarket chain’s principal pledged to take “strong legal action” against its ex-Harbour Bay store’s landlords and BISX-listed AML Foods, arguing that his company was current on rental payments when the lease was terminated.
Confirming Tribune Business reports earlier this year, which disclosed that he was contemplating legal action over the lease termination, something that had cost him and the company $1.5 million, Mark Finlayson said numerous letters had been exchanged between his attorneys, and those for the other two parties.
However, AML Foods executives shrugged off Mr Finlayson’s threat of legal action.
Dionisio D’Aguilar, the BISX-listed food group’s chairman, said there would be no impact on its $5.5-$6 million Solomon’s Fresh Market investment there.
Representatives for the Mosko family could not be reached for comment. But Tribune Business reported earlier this year that the Mosko family effectively terminated the lease held by City Markets due to non-payment of rent for three months.
That opened the way for AML Foods to enter into what was effectively a bidding war with Mr Roberts for the lease, with the Moskos ultimately deciding in favour of the BISX-listed group’s destination concept, Solomon’s Fresh Market.
Tribune Business, though, has been told by sources close to developments that the Mosko family feels its legal case its extremely strong should Mr Finlayson go to the courts.
