Business

Value City estimates loss of $600, 000

May 23, 2020 4:58 pm

The Value City owner says the loss incurred due to the fire that destroyed their Suva Fleet Market outlet is estimated at around $600, 000.

Managing Director Vera Chute says they’ve lost a substantial amount in stocks, shop fittings, fixtures, hangers and appliances which were imported from Australia and New Zealand.

Chute says they’re thankful that all twelve staff at the branch and the Flea Market vendors are safe and unhurt.

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“That was our flagship shop that and we have been there for almost 20 years. But we have 15 other branches in operation. We will try as soon as possible just to settle everything, clean the mess out and find another location to serve our customers in the city”.

She says they will relocate these staff members to other Value City branches.

Chute says the company management will be in discussion in the coming weeks, with a hope of opening another branch in the city.