Kirsh's Jetro Holdings Has Expansion Plans

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Kirsh's Jetro Holdings Has Expansion Plans


South African multibillionaire Nathan Kirsh, who controls New York-based Jetro Holdings, plans to expand to new markets with Jetro stores in Latin America and Asia, Bloomberg Businessweek reported. The company has a margin before interest and taxes that is about double Costco's because it doesn't offer credit to customers and owns most of its retail locations. The company, which has 86 Restaurant Depot locations and 10 Jetro Cash & Carry stores, had about $500 million in earnings on $6.5 billion in revenue during the past 12 months, the story said.

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