C.I. Traders Limited | Introduction
Introduction
Traders House
1-3 L'Avenue Le Bas
Jersey
JE4 8NB
United Kingdom
Telephone: +44 01534 508200
Fax: +44 01534 768858
Web site: http://www.citraders.com
Public Company
Incorporated: 2002
Employees: 3,458
Sales: £268.9 million ($430 million) (2003)
Stock Exchanges: London (AIM)
Ticker Symbol: CIT
NAIC: 312120 Breweries; 452111 Department Stores (Except Discount Department Stores; 311811 Retail Bakeries; 312130 Wineries; 312229 Other Tobacco Product Manufacturing; 424470 Meat and Meat Product Merchant Wholesalers; 424810 Beer and Ale Merchant Wholesalers; 424820 Wine and Distilled Alcoholic Beverage Merchant Wholesalers; 424940 Tobacco and Tobacco Product Merchant Wholesalers; 441110 New Car Dealers; 452910 Warehouse Clubs and Superstores; 721110 Hotels (Except Casino Hotels) and Motels
C.I. Traders Limited, formed by the merger of Ann Street Group and Le Riche Group in 2002, is the largest company on the Channel Islands. The diversified group concentrates on four primary areas: Retail, Property, Food Services, and Hospitality. The company also operates a consumer finance business in support of its retail operations. Retail is the group's largest division, and stems from the Le Riche side of the business. C.I. Traders operates more than 40 grocery stores and related retail stores under the names Checkers, Le Riche's Stampers, Checkers Xpress, Le Riche Forecourts, and Island Shopper, making the group the leading retailer in Jersey, Guernsey, and Alderney. The company's retail holdings include two Checkers superstores, with the largest offering 52,000 square feet of sales space. In addition, the company operates two franchised Marks & Spencers stores in Guernsey and Jersey. While Retail attracts the Islands' consumers, the company's Food Services division meets the distribution needs of Channel Islands restaurants, hotels, bars, and related businesses, providing chilled and frozen food products through Trade Saver and Martin O'Meara, butcher meats through Russell Meats, and bakery and other goods through C.I. Bakeries and Warry's. Many of the Food Service Division's professional customers are, in fact, members of the C.I. Traders group, which operates more than 90 bars and pubs throughout the Channel Islands, as well as 13 restaurants under the Blubeckers and Edwinns names in the United Kingdom. The company also maintains the Ann Street Brewery operations, and manufactures and distributes soft drinks and other beverages under license. In addition, the company owns L'Abeille, the leading producer of private-label soft drinks for the French market. The company's Property Division is chiefly responsible for managing the Channel Islands real estate portfolio. With its dominant position on the Channel Islands, C.I. Traders has expressed interest in expanding further into England. C.I. Traders is led by Chairman Tom Scott and Chief Executive Michael Johnson. With annual sales of £269 million ($430 million), it is the third largest company listed on the London Stock Exchange's AIM index.