Global food and beverage conglomerate Nestlé has pulled its local franchise distributorship from both M Beepat & Sons and Distribution Services Limited (DSL) and given it to the Trinidad-headquartered Massy Distribution in a deal that sees the two local companies losing over $3 billion in sales annually.
Nestlé says that the decision was done to streamline its operations even as it expands its business across the country as Guyana remains an integral part of its market.
But with the two local companies facing financial setbacks to the tune of billions of dollars, they have been advised by the Georgetown Chamber of Commerce and Industry, following complaints by one of them, to form a competitive alliance and push a buy local campaign to consumers.
