History

Steady growth and continued exceptional performance have made RB Patel Group Ltd (RBG) one of Fiji’s leading retail company.

Starting operations from a single family owned supermarket in Labasa in the 1930’s, the company has grown into a recognized supermarket chain with twelve stores around the country. It now operates retail stores in Nausori, Nasinu, Suva, Lami, Sigatoka, Nadi, Lautoka, Labasa and Savusavu. While RBG’s core business is retailing, it also has interests in wholesaling and property development and management.

The company is also a leading wholesaler, supplying consumer and household products to around 700 smaller stores in Fiji and the South Pacific region. Its wholesaling arm is complementary to the core business as it wholesales the same products it retails in its stores. As a result, RBG benefits from cost and operational synergies present across the two business segments.

The company also holds a strong and diversified portfolio of commercial property. The most recent addition to its property portfolio is the HarbourPoint complex in Lami. Stage 1 of the complex was completed in March 2012 housing a supermarket and retail shops and offices. Stage 2 was completed in September 2022 and houses a convention centre and retail shops.

The company’s other major shopping complex is in Nadi called ‘JetPoint’ and was developed in five stages with the first completed in 2009 and the last, stage 5, completed in 2019. The four-acre property is now valued at $50 million.

RBG was listed on the South Pacific Stock Exchange (SPX) in July 2001 with the initial public placement of 3.5 million shares, approximately 11% of total shares, at $0.85 each and a paid-up capital of $15 million. Since listing the company’s shares have been one of the most actively traded stocks on the SPX.

The company undertook a share split of 1 to 5 shares in November 2019 increasing its total issued and paid-up shares from 30 to 150 million. Share price prior to the split was $9.50 per share and $1.90 after the split. The share price has since increased and now trades at around $3.00 to $3.20; an increase of at least 58% since the split.

The company’s market capitalisation stands at around $450 million.