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Riteway - possibly being bought by Canadians #95400
04/22/2016 03:03 PM
04/22/2016 03:03 PM
Joined: Mar 2013
Posts: 375
now - or when ?
C
CGB Offline OP
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CGB  Offline OP
Traveler
C
Joined: Mar 2013
Posts: 375
now - or when ?
Finally gone halfway public...
something that's been in the works for a very long time

North West Co... (Cdns) looks to be in serious negotiations with Riteway
NWC also owns Cost-U-Less...

Hope they understand operating on Tortola, might be a tad different

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Re: Riteway - possibly being bought by Canadians [Re: CGB] #95401
04/22/2016 10:24 PM
04/22/2016 10:24 PM
Joined: Apr 2004
Posts: 10,999
Macon, Georgia
GlennA Offline
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GlennA  Offline
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Macon, Georgia
There is already some static about selling out to the furriners and want someone locl to buy it. Maybe one of the ferry companies. They know how to run a big organization. <img src="http://www.traveltalkonline.com/forums/images/graemlins/Wink.gif" alt="" />


Travel is fatal to prejudice, bigotry, and narrow-mindedness, and many of our people need it sorely on these accounts. - Mark Twain
Re: Riteway - possibly being bought by Canadians [Re: GlennA] #95402
04/22/2016 10:39 PM
04/22/2016 10:39 PM
Joined: Mar 2013
Posts: 375
now - or when ?
C
CGB Offline OP
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CGB  Offline OP
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C
Joined: Mar 2013
Posts: 375
now - or when ?
yup, and the first thing they will do, is make the prosperous greenhouse a subsidiary

Re: Riteway - possibly being bought by Canadians [Re: CGB] #95403
04/22/2016 11:08 PM
04/22/2016 11:08 PM
Joined: Apr 2004
Posts: 10,999
Macon, Georgia
GlennA Offline
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GlennA  Offline
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Macon, Georgia
I can't think of a better outcome than for CostULess to buy out Riteway. They have an international distribution network and a lot more clout to negotiate with vendors than RTW does.

They have been agressively looking at a Caribbean expansion before the French Carrefour chain locks up the market. They have a store on STT and I believe they have a store going up on Barbados.


Travel is fatal to prejudice, bigotry, and narrow-mindedness, and many of our people need it sorely on these accounts. - Mark Twain
Re: Riteway - possibly being bought by Canadians [Re: GlennA] #95404
04/23/2016 09:11 AM
04/23/2016 09:11 AM
Joined: Apr 2002
Posts: 929
Knoxville, Tennessee
Fred Offline
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Fred  Offline
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Posts: 929
Knoxville, Tennessee
Glenn,

"Maybe one of the ferry companies. They know how to run a big organization."
That's funny and made me think of several scenarios including hours of operation, provisioning, etc.
Fred

Re: Riteway - possibly being bought by Canadians [Re: Fred] #95405
04/23/2016 04:52 PM
04/23/2016 04:52 PM
Joined: Dec 2015
Posts: 55
NC
GoneSailing Offline
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GoneSailing  Offline
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Posts: 55
NC
While living in Toronto for 10 years I came to know the Northwest Companies and a number of their senior people back in the 90's. I also worked in retailing in Canada and I will say that the Northwest Company was a very well respected business. They had developed very strong capabilities when it comes to operating general merchandise retail businesses in very remote locations. Think.. the Yukon, Northwest Territories and other remote communities. I would suggest that they could have some key capabilites that would help Riteway and the folks who shop there.


Be Happy or Leave
Re: Riteway - possibly being bought by Canadians [Re: GoneSailing] #95406
04/23/2016 05:50 PM
04/23/2016 05:50 PM
Joined: Mar 2013
Posts: 375
now - or when ?
C
CGB Offline OP
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CGB  Offline OP
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C
Joined: Mar 2013
Posts: 375
now - or when ?
Yeah, but dealing with immigration and labor dept nuances - may prove "interesting". They are in no place where the bureaucracy intervenes as here

Re: Riteway - possibly being bought by Canadians [Re: CGB] #95407
04/23/2016 07:50 PM
04/23/2016 07:50 PM
Joined: Dec 2015
Posts: 55
NC
GoneSailing Offline
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GoneSailing  Offline
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Posts: 55
NC
Very good point. Although Canada is certainly no easy place to do business as it relates to immigration and employment laws. It is certainly not like the right to work states in the US. In my experience Canada has some of the most protective employment laws I have ever experienced. I will give a quick example. We had a store manager who admitted to stealing from the store. Because he had been with the company for many years the judge ruled that we still had to pay severance because what he had stolen did not offset all the years of service he had given the company. It was appealed and we lost and had to pay severance to someone who stole from his employer. Now that is tough labour law.


Be Happy or Leave
Re: Riteway - possibly being bought by Canadians [Re: CGB] #95408
04/23/2016 07:52 PM
04/23/2016 07:52 PM
Joined: Apr 2004
Posts: 10,999
Macon, Georgia
GlennA Offline
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GlennA  Offline
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Macon, Georgia
Well, at least they are nice polite Canadians. A typical US chain exec wouldn't last a week. <img src="http://www.traveltalkonline.com/forums/images/graemlins/Grin.gif" alt="" />


Travel is fatal to prejudice, bigotry, and narrow-mindedness, and many of our people need it sorely on these accounts. - Mark Twain
Re: Riteway - possibly being bought by Canadians [Re: GlennA] #95409
04/24/2016 08:43 AM
04/24/2016 08:43 AM
Joined: Oct 2008
Posts: 5,861
Bradenton, FL
Winterstale Offline
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Winterstale  Offline
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Bradenton, FL
Yes, this is all very nice....but will they have Carib in bottles in 4 weeks? <img src="http://www.traveltalkonline.com/forums/images/graemlins/Laugh.gif" alt="" /> <img src="http://www.traveltalkonline.com/forums/images/graemlins/Laugh.gif" alt="" />


[Linked Image]

Re: Riteway - possibly being bought by Canadians [Re: Winterstale] #95410
04/24/2016 09:02 AM
04/24/2016 09:02 AM
Joined: Dec 2015
Posts: 350
Ottawa, Canada
UncleLuff Offline
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UncleLuff  Offline
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Posts: 350
Ottawa, Canada
Canadians eh? Well at least we can finally get some great back-bacon (what you Yanks like to call Canadian-bacon) and cheese curds in da islands!

Re: Riteway - possibly being bought by Canadians [Re: Winterstale] #95411
04/24/2016 05:19 PM
04/24/2016 05:19 PM
Joined: Oct 2013
Posts: 528
Ohio
jagmansr Offline
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jagmansr  Offline
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Posts: 528
Ohio
If they do Bridget, save some for me, we'll be there in 6 weeks, lol

Re: Riteway - possibly being bought by Canadians [Re: jagmansr] #95412
04/24/2016 06:53 PM
04/24/2016 06:53 PM
Joined: Mar 2015
Posts: 263
Reno, Nevada
T
TIMRIM Offline
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TIMRIM  Offline
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Joined: Mar 2015
Posts: 263
Reno, Nevada
Maybe a good peameal sandwich?

Re: Riteway - possibly being bought by Canadians [Re: TIMRIM] #95413
04/25/2016 08:16 AM
04/25/2016 08:16 AM
Joined: Aug 2007
Posts: 91
The Blue Mountains
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macpete Offline
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Posts: 91
The Blue Mountains
Carib in BOTTLES? No glass on our boat, cans are a much safer way to go around bare feets.


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