Progressive buys Michi supermarket
Tameka Gordon, Business Reporter
The Michi Super Centre in Kingston has been acquired by Progressive Grocers of Jamaica Limited and rebranded as Super Shoppers Fair.
The outlet, which reopened, under its new name last week, has reclaimed a location where it last operated up to the 1980s as Shopper's Fair supermarket.
Simone Reid, a representative of Progressive Group, indicated that the acquisition had not yet closed, saying "the process has just begun".
Reid said it was too early to provide details of the transaction.
Michi was owned and operated by Earl and Sharon Loshusan. The store opened in April 2009 following the sale of the Sovereign Manor Park supermarket to Carihome, which freed the Loshusan brothers, Gladstone, Ken, Roy and Earl, to pursue other ventures.
Progressive Grocers of Jamaica is a consortium of supermarket owners that includes the Loshusans and other grocery store owners, each of whom operates his own businesses. The group owns some assets in common, including the Shoppers Fair chain.
Together, the individual owners and group company control some 30 grocery outlets nationwide. Directory listings indicate that Progressive operates 14 Shoppers Fair outlets.
Representatives at the new Super Shoppers Fair said the business opened under its new name on Tuesday, December 9. A banner was thrown over the Michi sign, which remains mounted on the building.
The Washington Boulevard location spans 55,000 square feet and has a car park that accommodates 300 vehicles.
The Progressive consortium, whose principals are Sing Chin, Albert Lym, Arnold Chin, Ken Loshusan, and Gladstone Loshusan, initially acquired the Shoppers Fair chain in 2000.