The Motibhai Group is delighted to have been successful in their bid to acquire the Fiji Times Group and this is a historic moment for Fiji and the Motibhai Group.
The chairman and chief executive officer of Motibhai Group, Mahendra Patel said:
“The long history of Fiji Times will always be respected and enhanced. With 141 years of Fiji Times and 80 years of business history of the Motibhai Group makes the combined Group a formidable combination. Over the years we have expanded into new areas of business and in each instance we have taken the new acquisition to a new level. Fiji Foods has been enhanced.
The Prouds Stores since we bought in 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 Suva Central multi-storey Complex is one of the most outstanding developments in Suva CSD.
“Motibhai Group has always recognised that people are its greatest assets. We believe very strongly that if you look after your people they will look after the customers and they in turn will look after the company.
The Fiji Times will grow as our country grows and we look forward to taking our country forward. Over the recent past the Fiji Times Group has had ownership changes from Wilke Group to Herald Sun and from Herald Sun to News Limited and now to Motibhai Group. In each instance the change has been seamless and we will ensure the same happens this time.”
“In conclusion we want to say that Fiji Times is in good hands, will be innovative, progressive and continue to meet our reader’s expectations.”
n This report was published on The Fiji Times on March 16 2010.
