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  1. #1
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    Re: mega mart stop

    Question - is Megamart owned by Jamaica, or U.S ? Anyone know ?

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    Re: mega mart stop

    Quote Originally Posted by jomack View Post
    Question - is Megamart owned by Jamaica, or U.S ? Anyone know ?
    MegaMart Wholesale Club has sold its retail stores in Portmore and Montego Bay to a group of pension funds in a deal worth J$2.3 billion.
    The deal will result in external ownership of all the real estate assets - land and buildings - for all four MegaMart retail stores, but the business remains firmly under the control of Chairman and Chief Executive Officer Gassan Azan.

    In short, the land and buildings are owned by pension funds but the business is still under G. Azan owner of Bashco Trading and Sweet tings.
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