The Penny Saver Supermarket business started (28) twenty eight years ago. The company evolved from the businesses which was called Warner Supermarket and a Hardware called “Luwar” that was run by Luther Warner. Luther Warner has a credit issues due to outstanding debts from customers and the business became unmanageable. He left the country and went to the United States to seek higher education and sold books on the streets part-time to survive while he studied. In the 1970’s bookselling did well in the United States so Luther start opening books stores from the money he made selling books on the street. He also invested into wholesale books selling and retail bookselling and opened several book stores in the north eastern and south eastern
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Mr. Warner, Janice and Kurt had an immense business develop in the last ten (10) years all have not met but continue to overlook the un-met. The mile stone that they accomplish while Penny Saver Supermarket establish in business they were able to venture into other business such as:
Shoppe at West City Mall, Canaan
Penny Saver Pharmacy, Carnbee
All the Penny Savers branches have Western Union
Been able to diversify itself into wholesale and warehousing through partnerships with other supermarket owners on the island to create a company called “Sister Isles”.
Furthermore, Shoppe at West City Mall open June, 2012 and September 2012 a stone was place on the Penny Saver Supermarket Canaan with the names with Mr. Llode parents (Henry and Inez Warner). The second highest employment in Tobago after the Tobago House of Assembly is Penny Savers Supermarket.
Current Situation
Therefore, Penny Savers Supermarket is a family-first-business which they are three (3) Managing Directors one in every branch. The rest of the family and Non-family members are cashier, packers, storage, etc.
The governance structures are:
Family meeting and advisor
No family Council
No family constitution
No mission statement
No vision statement
A succession plan from CEO, wife then
Mr. Warner, Janice and Kurt had an immense business develop in the last ten (10) years all have not met but continue to overlook the un-met. The mile stone that they accomplish while Penny Saver Supermarket establish in business they were able to venture into other business such as:
Shoppe at West City Mall, Canaan
Penny Saver Pharmacy, Carnbee
All the Penny Savers branches have Western Union
Been able to diversify itself into wholesale and warehousing through partnerships with other supermarket owners on the island to create a company called “Sister Isles”.
Furthermore, Shoppe at West City Mall open June, 2012 and September 2012 a stone was place on the Penny Saver Supermarket Canaan with the names with Mr. Llode parents (Henry and Inez Warner). The second highest employment in Tobago after the Tobago House of Assembly is Penny Savers Supermarket.
Current Situation
Therefore, Penny Savers Supermarket is a family-first-business which they are three (3) Managing Directors one in every branch. The rest of the family and Non-family members are cashier, packers, storage, etc.
The governance structures are:
Family meeting and advisor
No family Council
No family constitution
No mission statement
No vision statement
A succession plan from CEO, wife then