FIJI. The Motibhai Group is acquiring the Fiji Times Group, the travel retail-to-hotel company announced today, in what it described as a “historic moment for Fiji and the Motibhai Group”.
“This purchase expresses our confidence in the future of Fiji,” said Motibhai Group Chairman and CEO Mahendra Motibhai Patel. “We will ensure that Fiji Times will operate as an independent unit within the Motibhai Group.
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The Times they are a changing: Motibhai Group Chairman and CEO Mahendra Motibhai Patel peruses his new purchase |
“The long history of Fiji Times will always be respected and enhanced. 142 years of Fiji Times and 80 years of business history of the Motibhai Group makes the combined Group a formidable combination.”
Patel continued: “Over the years we have expanded into new areas of business and in each instance we have taken the acquisition to a new level.
“Fiji Foods has been enhanced. The Prouds Stores which we bought in the mid 80s now stands as a beacon of retail excellence. Our airport duty free store has received world acclamation. The joint venture with Colonial/SSP of the Suva Central multi-storey complex is one of the most outstanding developments in Suva CSD.
“Fiji Times will be no exception. We will take it to a new level as we progress.
“We will ensure that the Fiji Times continues to be the preferred daily newspaper by the vast majority of Fiji’s population and live by the adage “˜the day is not complete until you have read the Fiji Times‘.”
