CPL Group 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 on the 11th of August 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. This transition follows the completion of a confidential Heads of Agreement between the two parties in early June 2025.
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 and 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.
This strategic divestment comes as part of CPL Group’s broader business review and realignment strategy, with a renewed focus on its core mission: delivering affordable, accessible healthcare to the people of Papua New Guinea.
“This decision reflects our commitment to long-term value creation for our shareholders and operational focus,” said Stan Joyce, Chairman of CPL Group. “We are confident that Taylor Pacific will continue to uphold the strong community relationships and service excellence that have defined the Stop & Shop brand.”
Sir Mahesh Patel, Founder of CPL Group, added, “We are immensely proud of the legacy Stop & Shop has built over the past two decades with the communities throughout Papua New Guinea. We look forward to seeing the Stop and Shop brand continue to grow under Taylor Pacific’s stewardship.” Furthermore, he added “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.”
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. This 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.
Following the overwhelming success and heartfelt public appreciation of our first CP Medical and Diagnostic Clinic in Vision City Mall, we are pleased to announce that CPL is in the process of acquiring and establishing new medical and diagnostic clinics throughout Papua New Guinea as part of a strategic brownfield expansion initiative.
This expansion aligns with CPL’s ongoing commitment to enhancing access to quality healthcare services and delivering exceptional medical care to communities nationwide. By growing our network of medical clinics, CPL aims to further support the health and wellbeing of Papua New Guineans, ensuring that more people can benefit from affordable, quality and comprehensive medical services.
The Board of Directors, Management and Staff extend their deepest gratitude to our loyal customers for their trust and support of the Stop & Shop brand over the past 20 years.
CPL remains dedicated to its vision of helping Papua New Guineans live better and healthier lives through sustainable healthcare development and innovative service delivery.