One year ago, on January 10, 2024, the events of “Black Wednesday” shook Port Moresby and left an indelible mark on the community.
The CPL Group, among the hardest hit, saw multiple stores destroyed, including Stop & Shop locations in North Waigani, Rainbow, Badili, and Harbour City; Hardware Haus North Waigani; Jack’s of PNG Rainbow; and the Group’s first Family Planning Clinic at Rainbow.
The losses, amounting to over K90 million, tested the Group’s strength like never before. But even in the face of devastation, CPL chose resilience.
“Just as our loyal customers felt the pain of that day, we too felt the heartbreak,” the Group stated.
“But from the ashes of Black Wednesday, we found the strength to rebuild and renew our commitment to Papua New Guinea.”
It was the resilience of staff and management, the unwavering support of loyal customers, partners, and SMEs, and the assistance of the government that enabled CPL to rise above the challenges.
By February, the reopening of Stop & Shop Badili signaled the start of a journey of recovery. This was followed by new milestones: a new Stop & Shop store at 8 Mile in June, another at Rainbow in August, and City Pharmacy outlets in 8 Mile, Port Moresby, Namatanai, and North Waigani.
Hardware Haus unveiled its Home & Living store at Waigani Central in June, and Jack’s of PNG opened at Brian Bell Plaza, Boroko, in December.
“These milestones represent more than just new locations; they are a testament to the resilience of our team, the loyalty of our customers, and the unity of our community,” said the CPL Group.
Since 1987, CPL has stood by its mission to help Papua New Guineans live better and healthier lives. Today, the Group reaffirms its commitment to innovation, service, and growth.
“We are resilient. We are here to stay. Black Wednesday tested us, but it could not break us. Together with our customers, we will continue to build a brighter future.”
CPL Group extends its heartfelt gratitude to everyone who stood by them during the past year. Your support has been the cornerstone of their journey of recovery and hope.