In Commercial Court on Friday morning [July 20], before Chief Justice Ian Kawaley, the group of creditors who are seeking to recover funds from the supermarket group White & Sons Ltd have agreed with the owners of the company to a 30 day delay to allow ongoing negotiations to continue. The two parties will come back to Court in August.
A petition for the winding up of White’s was filed on June 29th in the Supreme Court by International Bonded Couriers of Bermuda [IBC], following after writs already taken out against the company by Pitt & Company and BGA. In recent weeks the shelves of both supermarkets have been looking very sparse, fueling rumours that the company is facing severe financial difficulties.
The company — which has supermarket locations in both Southside and Warwick — has been business since 1924 and employs approximately 85 people.
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