est. 2007

Barbados Underground

Bringing News and Opinions to the People

Who Are the Local Partners in Cost-U-Less?

We do not charge membership fees and believe we can offer low prices to Barbados shoppers, just as we have in our most recent store opening in the Cayman Islands, which was also a partnership with local business people NorthWest Company trading as Cost-U-Less July 2008 It has been almost five years from the time…

, , , , , , , , , , ,
Former Prime Minister David Thompson (l) Former Chairman CLICO Holdings B'dos Ltd rumoured to be local partners in Cost-U-Less
Late Prime Minister David Thompson (l) disgraced former Chairman of CLICO Holdings B’dos Ltd rumoured to be local partners in Cost-U-Less

We do not charge membership fees and believe we can offer low prices to Barbados shoppers, just as we have in our most recent store opening in the Cayman Islands, which was also a partnership with local business people

NorthWest Company trading as Cost-U-Less July 2008

It has been almost five years from the time of the announcement Cost U Less Maybe Coming To Barbados that it launched in Barbados. However, based on consumer feedback the wait has been in vain.  It has been two months since launch and Barbadians continue to wait for the low prices promised. Before the coming of Cost-U-Less the Trinidadians, who now have a vice grip on our food retail and distribution channels, had promised Barbadian consumers the same, that is, we would benefit from economies of scale created by a larger T&T market.

Barbados now finds itself in a situation where we have a new entrant to an already competitive retail food sector.  And it has not demonstrated any appreciable price differentiation in its offering. Sad to say the inevitable must follow.  We created 200 jobs with the coming of Cost-U-Less but SuperCentre and DacostaMannings, owned by the Trinidadians, continue to send home employees.

It is unfortunate that Barbadians have not been made aware of who the local business people are in partnership with North West Company (Cost-U-Less). BU believes that if Barbadians were to be apprised of the names it would only serve as another opportunity to expose the hypocrisy, greed and naked opportunism which exist among people we hold in high regard.

The word making the rounds is that Leroy Parris, The Estate of the late David Thompson, Hartley Henry and Prime Minister Roosevelt Skerrit represent the local interest. These names will cause many to ask many questions.

For example:

  1. Why didn’t the BLP address this issue on the general election campaign just completed?
  2. Why is the estate of the late David Thompson taking forever to be probated?
  3. What were the considerations which motivated Minister of Finance Chris Sinckler to approve such generous concessions to a forex taker in a depressed consumer market?
  4. If Skerrit is so friendly with decision makers in Barbados why have we not been able to establish a bilateral trade agreement with Dominica which was promised when the 2008 Thompson government was ‘inaugurated’?
  5. What can we say about the Kingmaker?

What low prices what!

367 responses to “Who Are the Local Partners in Cost-U-Less?”

  1. ac Avatar
    ac

    this is the kind of fighting june fowler and the barbados govt woul have to do and they will not win

    http://www.caribbeannewsreview.com/index.php/caribbean1/business/296-clico-bahamas-squashes-trinidad-parent-company-s-probe

  2. peltdownman Avatar
    peltdownman

    ac you almost sound triumphalist. You are happy, aren’t you, that your party allowed the perpetrators of this fraud to get away with it? The ultimate, down and dirty yardfowl.

  3. peltdownman Avatar
    peltdownman

    @Alvin – it’s BECAUSE Parris has political friends that he hasn’t been charged with anything, and you know it. Another triumphalist yardfowl.

  4. old onion bags Avatar
    old onion bags

    Why ac..don’t talk rass….Have you not heard Duprey now on a TT Most Wanted poster…..How you mean I not getting back my $34 Million?….Woman ya mean you leave a comfy armchair and prefer a toliet seat ?…..If not me my grans are entitled to my hard earned Mo money…

  5. old onion bags Avatar
    old onion bags

    On the upside….wonda when Parris gine Underground?….. Peter wait ..Peter wait….Look Mr. Greenverbs at the gate…..Mighty Shadow…me thinks !…fire go burn nuff a bottie man….wanna wait…Fire in Goat mout.. late Penguin…right Sarge….Dennis johnson..jump in nah..help a fella..FIREWORKS…

  6. Well Well Avatar
    Well Well

    CLICO is not world wide, it’s a Caribbean company…………..Duprey’s ass is already becoming financially strapped…………CL Financial is now owned by the government of Trinidad & Tobago……………neither Duprey nor Parris is involved with the company anymore unless it’s to serve time in prison………..get the facts straight, one way or another those two will pay,

  7. Well Well Avatar
    Well Well

    AC…………..as usual, you did not read nor comprehend the article in it’s entirety, i copied the parts that are factual and important.

    “According to Neiwirth, if CLICO (Trinidad) wants to pursue a discovery of documents, it will now have to take it up with Bahamian courts”.

    “The general ruling is that the bankruptcy discovery rules don’t extend to third-party problems,” he said. “And this is really a quintessential third-party problem”

    To break it down for you, CL Financial Trinidad will now have to go through the Bahamian courts, which are the proper channels for discovery, not through a third party, you will have to google third party, i can’t be bothered………………

  8. ac Avatar
    ac

    http://en.wikipedia.org/wiki/CL_Financial

  9. Well Well Avatar
    Well Well

    AC…………………………now we are on the same page CL Financial is/was a worldwide insurance company, not CLICO, it’s subsidiary.

    Colonial Life Insurance Company (CLICO) by Cyril Duprey, it was expanded into a diversified company by his nephew, Lawrence Duprey. CL Financial then became one of the largest local conglomerates in the region, encompassing over 65 companies in 32 countries worldwide with total assets exceeding US$100 billion.[1]

  10. ac Avatar
    ac

    can barbados taxpayers afford this. wunna get real T&T fighting these gorillaphants with buckets on their feet. Throwing good money after bad , Hell afterall it is the taxpayers 25billion and counting

    http://www.trinidadexpress.com/news/25b-and-counting-206129791.html

  11. Well Well Avatar
    Well Well

    If the Trinidad government is looking into the Bahamas CLICO operations, naturally they should be looking into the Barbados operations eventaully as well………….as long as it enters the court system for discovery, it will take on a gorillaphant life of it’s own………….the TT government has more to gain than lose by settling with CLICO regional policyholders.

  12. Well Well Avatar
    Well Well

    And besides, the Barbados government under Thompson, lawyer for CLICO, should have considered the impending ramifications before falling into bed with CLICO and Parris, pun not intended.

  13. Did Honourable Member Chris Sinckler Deliver a Terminological Inexactitude? | Barbados Underground

    […] gave a washpan of concessions to Cost U Less, a retailer and a user of scarce foreign – Who are the local partners in Cost-U-Less. The BU family bar a few will be able to connect the […]

  14. hindssight Avatar
    hindssight

    BU do you know for sure if DT, HH,LP, and RS are indeed shareholders in Cost-U-Less? BWU has single them out for union busting. Is Cost-U-Less using its alleged DLP connections to deny workers the right to unionized? Or is Toni Moore being used by Charles Herbert and Mia Mottley to target a DLP source of election funding? Maybe both?

  15. David Avatar
    David

    We cant know for sure given how companies can mask their shareholders under the Companies Act but local knowledge suggest there is a connection.

  16. Bush Tea Avatar
    Bush Tea

    @ David
    We can’t know for sure given how companies can mask their shareholders under the Companies Act…
    +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
    Another great understatement of biblical proportions….

    Our ‘Companies Act’ is a piece of garbage, specifically written by crooked lawyers with the expressed intent of hiding the identity of shareholders of Companies registered in Barbados.

    While a big song and dance is made of the ‘directors’ of a company, (and we all know that “directors” can just be a bunch of lackies for sale – like we had with CLICO) … there is NO attempt to identify the actual SHAREHOLDERS – who front the money,…call the shots and who are the ACTUAL puppet masters.

    This ‘Company’s Act’ is used by lawyers to hide assets from the public, from the taxman, from the courts, and from personal responsibility.

    The most amazing aspect of the whole scam…is that no one complains about the lotta shiite.
    ….and now you categorise the shiite as ‘masking shareholders’….

  17. Prime Minister Skerrit's Jeep Ordered off the RoadBarbados Underground

    […] This is not the first time Prime Minister’s Roosevelt Skerrit’s name has been mentioned negatively on Barbados Underground. The BU family will recall his name was associated with a few prominent others as having an interest in the local Cost-U-Less. Here is the 2013 blog Who Are the Local Partners in Cost-U-Less?. […]

Older Comments
1 … 6 7 8

The blogmaster invites you to join the discussion.

Trending

Discover more from Barbados Underground

Subscribe now to keep reading and get access to the full archive.

Continue reading