In a significant business move, Ansa McAL, a prominent conglomerate in Trinidad and Tobago, has sold its long-standing retail subsidiary, Standard Distributors, to Term Finance (TT). The deal, announced on November 3, includes Standard’s Barbados-based arm, Standard Distribution and Sales Barbados. The transaction is set to finalize by December 31, pending regulatory approvals. Term Finance plans to transform Standard into a dedicated credit provider and e-commerce platform, leveraging its 80-year legacy in hire-purchase services. The new entity, rebranded as Standard Credit, aims to offer innovative financial solutions while maintaining the trust of its loyal customer base. Standard’s retail outlets ceased operations on November 1, marking the end of an era for the iconic brand. Customers with active hire-purchase agreements will continue to receive support, with payments accepted at existing branches and through various digital channels. Ansa McAL has assured affected employees of redeployment opportunities or enhanced separation packages, alongside access to financial counselling and job fairs. The sale reflects Ansa McAL’s strategy to streamline operations while supporting Term Finance’s regional expansion. Founded in 1945, Standard Distributors joined the Ansa McAL Group in 1967, becoming a cornerstone of Caribbean retail. The transition underscores the evolving retail landscape, with a shift toward digital financial services.