P.H. Veira and Co. Ltd., will close its doors on Nov. 14, 2022 after more than 80 years of operations, the company has announced.
The company made the announcement on Wednesday through an advertisement on iWitness News and a post on its Facebook page.
“After 80+ years of service, we will sadly be closing our supermarket, hardware, wholesale and bakery, effective November 14, 2022,” the company said.
It added:
“We’d like to take this time to thank our past and present employees, customers, suppliers and well wishers for their tremendous service and support through the years with us.”
iWitness News understands that the family-owned company has decided to cease operations and another company will operate from its premises, which occupy a large section of Bay, Middle and Bedford Streets.
P.H. Veira and Co. Ltd. is one of the three major family-owned business in St. Vincent and the Grenadines that have dominated the grocery sector.
The others are the Greaves and Bonadies.
It says something unfavorable about family businesses in SVG
I assume that these money losing entities were listed as part of the Eastern Caribbean Group of Companies founded by Phillip Veira.
Does this say anything about the future or viability of the other portions of this leading Caribbean conglomerate?
It’s sad to see that, but we are hopeful that all those works will be able to get other jobs with the new owners, best wishes to all, God will provide, be strong and of good courage, where there is life there is hope. God bless S.V.G.
Well the big man must be over joy, he try to shut it down when he came into power, take note big man that’s the way you are going to fall come the next election, guaranteed