Blaming spiralling import duties and ‘unsympathetic’ Government policies, Subway could be going under before year-end putting more than 30 workers on the breadline.
Frederick George of Alfundi Investments Limited, which brought the American restaurant chain to Barbados almost three years ago, said the business was now faced with 184 per cent duty on critical import items such as processed poultry.
Subway has two outlets – at Lanterns Mall in Hastings and Trident House, Bridgetown – but George said that far from the planned expansion, closure now seemed a real possibility.
“It’s not a matter anymore of expansion. It’s a matter of whether we can exist at all. We cannot, if there is no change. That is it; we are folding up.”
