The MarketPlace and The Supermart have announced a merger that the parties agreed “unites two of Bermuda's most trusted grocery retailers, creating an enhanced shopping experience for customers, while strengthening the island’s food security”.

Tredick Gorham, president of The Supermart said: “Since 1956, The Supermart has been committed to serving Bermuda with excellence and this partnership ensures that legacy will continue and grow even stronger.”

David Ferreira, whose family have owned The MarketPlace for three generations, said: “The Gorham family have built an extraordinary legacy of service to Bermuda over generations.

“Their commitment to quality, customer service and the community has been exemplary and we are honoured and humbled to be entrusted with continuing this tradition of excellence.”

Seth Stutzman, the president of The MarketPlace group of companies, emphasised that both stores would maintain their distinct identities: “Customers will continue to enjoy the same great products and service they love at The Supermart, including the valued Waitrose partnership, with the added benefit of more competitive pricing through our enhanced buying power.”

Mr Ferreira added: “What began with my grandparents over 60 years ago as a single store in Paget, has grown into something remarkable and we take very seriously the responsibility of protecting the legacy of The Supermart.

“This expansion represents more than just a merger; it demonstrates our long-term commitment to Bermuda. In the coming years, we will be investing significantly in our facilities across the island, creating enhanced shopping experiences for all Bermudians. This includes continued reinvestment in our people, our stores and our community programmes, ensuring that the benefits of this merger flow back into Bermuda’s economy.”

Mr Stutzman added: “I want to express my sincere gratitude to all our MarketPlace and Supermart associates who work tirelessly every day to serve our customers, keep our shelves stocked and work diligently to keep prices down despite both domestic and overseas challenges.

“Their dedication and commitment to excellence make this merger not just a combination of stores, but a partnership of extraordinary teams.”

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