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ISLE OF MAN CHAMBER OF COMMERCE STATEMENT ABOUT TESCO BUYING TESCO

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14 December 2023

Chamber President Kristan McDonald commented: “For generations the owners, management team and staff at Shoprite have been at the heart of the Island’s community. During that time the business has been a major employer, and supported the local economy by choosing to partner with many on-Island suppliers and service providers – so we understand why this news is of great concern to the business and wider community.

“As always, Chamber is here to offer whatever support we can to members – including Shoprite and the company’s suppliers – who are affected by this news. Looking ahead, we welcome the new owners’ long-term commitment to operate the nine stores under the Tesco brand – and to support the local food and drink sector. Chamber is keen to see partnerships with IOM businesses continue as Tesco moves forward.”