Raj Modi quits Choppies

choppiesProsper Ndlovu  Business Editor
BULAWAYO business mogul Raji Modi has quit Choppies Zimbabwe and invested about $1 million into Pintail Trading (Pvt) Limited – a new liquor wholesale firm that he has established in the city.Modi, 56, told Business Chronicle in an exclusive interview at the weekend that he severed ties with the Vice President Phelekezela Mphoko’s family owned supermarket retail chain in October.

The move clears speculation over Modi’s next move after he sold his entire Sai Enterprises (Pvt) Ltd business, which ran several Spar supermarkets, to Choppies.

After selling the entire stake Modi remained as managing director of Choppies before buying back 20 percent shares in the firm.

“I left Choppies at the end of October last year to set up Pintail Trading, which would be trading as Wholesale Centre Liquor Hub.
“I’ll be dealing with Pepsi products and local beverages. I’ll engage 100 people for a start to sell Pepsi products but the liquor hub will sell all the other local beverages,” said Modi.

“Nobody has done this before, it’s a new business idea. This is going to be a one stop global brand shop that will also sell imported lager and spirits. I’m confident this idea will work, remember I’ve been into retail business before at Belleview. Consumers will like the idea and with time I’ll expand beyond Bulawayo.”

He said he has already bought premises – a large warehouse at No 58 Fife Street between Fourth and Fifth Avenues.

“I’ve invested more than $1 million into this venture including buying the property. I expect the business to be opened by the end of this month,” said Modi.

“Bulawayo is a good business investment destination and it only depends on how you do your things.”

He assured clients of a reliable supply of products once his firm opens its doors saying arrangements for supply of Pepsi products from Zambia had been finalised.

 

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