In a significant shift in the retail and financial sectors, Standard Distributors, a prominent appliance and furniture dealer with an 80-year legacy, has been acquired by digital finance firm Term Finance (Trinidad & Tobago) Limited. The unexpected announcement marks the end of an era for the long-standing retailer, which will now relaunch as Standard Credit. Term Finance, already a key player in short-term lending across the Caribbean, will integrate Standard’s extensive hire purchase portfolio into its operations. The Trinidad-based conglomerate ANSA McAL, which facilitated the sale, confirmed that some Standard employees have been laid off, while others will be reassigned within the ANSA McAL Group. The financial terms of the deal remain undisclosed. ANSA McAL emphasized its commitment to supporting affected employees through enhanced separation packages, access to wellbeing and financial planning services, and job fairs in Trinidad and Barbados this month. Term Finance’s Chief Operating Officer, Nicholas Farah, stated that the rebranding to Standard Credit signifies the company’s entry into the high street market, aiming to preserve customer trust while introducing innovative financial solutions. Term Finance, backed by major shareholders PointWest Capital and the First Citizens Group, operates across Guyana, Jamaica, and St Lucia, and recently acquired My Finance Grenada Ltd. Customers with existing hire purchase agreements will experience a seamless transition, with no disruptions to their payment schedules.