12 SEPTEMBER 2001
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Has price stability gone
In a wide-ranging and candid inerview, Price Club director Victor Zammit expressed his belief that, despite the highly publicised financial difficulties encountered by the supermarket chain over recent months, the chain nevertheless has a bright future.
In fact, a Libyan delegation was in Malta last weekend to finalise its discussions on investing in the chain. Mr Zammit explained to The Malta Financial and Business Times, "This [recent negotiations] should allow the foreign company to take a fifty percent equity in the chain with our participation in the other half.
"This capital should make Priceclub supermarkets stronger than ever and I believe that the future of the chain should be brighter."