Following Zohran Mamdani’s recent electoral victory in New York, supermarket billionaire John Catsimatidis has threatened to cut his workforce and relocate his operations to Florida. This announcement comes amid concerns over the political shift represented by Mamdani’s win, which Catsimatidis argues could negatively impact his business.
The potential move underscores ongoing tensions between business leaders and progressive policies in New York, as Catsimatidis warns of a broader exit strategy for his business empire.
Catsimatidis’s announcement to move operations to Florida is driven by a combination of political and economic factors. As reported by Newsweek, the billionaire has cited Florida’s more favorable business climate, including tax advantages, as a key motivation for the potential relocation.
The move would involve the closure of New York facilities, affecting both employees and the local economy.
