About a week left before CPL Group officially hands over the ownership of one of Port Moresby’s biggest retail shops, the Stop & Shop to Taylor Pacific Limited with no job loss promised to employees.
CPL Limited officially announces the successful signing of a Sales of Business Agreement with Taylor Pacific Limited for the operations of the Stop & Shop Division of the Group.
Effective next week Monday August 11, 2025, Taylor Pacific Limited will resume full operational responsibility for all seven Stop & Shop outlets across Port Moresby, including food service brands Bon Café and Fresh Express.
Sir Mahesh Patel, Founder of CPL Group expressed that the transition will allow CPL to focus on venturing into proving affordable healthcare services in the country.
“We are immensely proud of the legacy Stop & Shop has built over the past two decades with the communities throughout Papua New Guinea,” Sir Mahesh said.
“We look forward to seeing the Stop and Shop brand continue to grow under Taylor Pacific’s stewardship. The transition enables CPL Group to accelerate its expansion into healthcare services, in line with the recent launch of the CP Medical and Diagnostic Clinic at Vision City Mall.”
Chairman of CPL Group, Stan Joyce also added that they are confident that the transition will still uphold the values they built over the past years.
“This decision reflects our commitment to long-term value creation for our shareholders and operational focus,” Joyce said.
“We are confident that Taylor Pacific will continue to uphold the strong community relationships and service excellence that have defined the Stop Shop brand.”
CPL Group in a statement also reaffirmed that the hand change will not affect any employers.
“As part of the transition, both CPL Group and Taylor Pacific Limited are committed to ensuring continuity of employment for all current Stop & Shop staff.”
The statement further stated that the commitment reflects both organizations shared values around community support and local workforce development.
Customers can expect business to continue as usual from the official transition date, including the same friendly service, familiar faces, and ongoing benefits of the Real Rewards Loyalty Program, and the support to our SME and farming communities will carry on as usual.
The transition follows the completion of a confidential Heads of Agreement between the two parties in early June.
Taylor Pacific Limited is a PNG based locally registered company with established investments in Papua New Guinea’s agriculture and livestock sectors. In recent years, the company acquired Hugo Canning, the producer of the iconic Ox & Palm Corned Beef and expanded its local footprint with the acquisition of Sepik Fresh Poultry Farm. It also has plans underway to develop additional poultry and beef producing operations in Vanapa, Central Province to help meet PNG’s growing demand for locally produced food.
