Diana Blake-Bennett, the former head of coffee processing company Salada Foods Jamaica, has been recruited to head Jamaican Teas’ manufacturing division. Blake-Bennett’s appointment as CEO, which took effect on November 15, sees her taking control...
Food and financial services group GraceKennedy Limited will engage investment bankers about the potential listing of its foods business, GraceKennedy Foods, on an international stock exchange next year. Refreshed talks around the listing of the...
Having contemplated the move for two years, beverage company Wisynco Group Limited has struck a deal for warehousing space in Trelawny that will serve as a hub for its distribution activity in western Jamaica, where nearly a third of the businesses...
ISP Finance Services has entered into an agreement that will see the microlender acquiring portions of the loan portfolio of an unnamed entity before year-end. The size of the portfolio to be acquired was not disclosed and efforts by the Financial...
Newport-Fersan, Jamaica’s sole manufacturer of fertiliser, is expecting next week to receive the results of a study it commissioned Market Research Services to undertake regarding the real impact of fertiliser prices on farming operations. There...
Consolidated Bakeries Jamaica Limited, which trades as Purity Bakery, is looking next to reshape its biscuit division, as the company reorganises to reclaim and grow market share. Jobs have both been lost and added, leaving Purity with a workforce...
Caribbean Assurance Brokers Limited, CAB, expects to see new insurance business coming its way from the regional market by January, from a partnership it recently struck with a London-based company with tentacles throughout the Caribbean. CAB,...
SSL Venture Capital Jamaica Limited, which controlled 50 per cent of data insight firm Bluedot Data Intelligence Limited for two years before agreeing to sell back its stake to founder Larren Peart, says it’s still to be fully compensated for the...
Lasco Manufacturing Limited, LASM, is on the hunt for acquisitions or may be looking to strike strategic partnerships over the coming months under a refreshed plan by the company to grow earnings. After a decade focused on plant expansion and...
Pharma distributor Medical Disposables and Supplies Limited, MDS, which is hunting market share in the home remedy and flavourings market segment, has struck a deal with P.A. Benjamin Manufacturing Company Limited as exclusive distributor of the...
GK Insurance has come to market with a crop and livelihood insurance product from which it hopes to get new business from 2,000 registered farmers and fisherfolk this year. GK Weather Protect, which was launched on Tuesday, is an upgrade on...
The Paint Shop, a specialist in mixed paints and distributor of foreign brands, has relocated to a larger, newly built complex at Upper Waterloo Road in Kingston, which will operate as a superstore as the company positions to go after more market...
Sagicor Group Jamaica is moving ahead with plans for the development of a residential complex on 11 acres of land that sits adjacent to its newly built commercial complex in Mineral Heights, Clarendon. The financial conglomerate, which operates a...
Model Agricultural Production Limited, MAP, which grow crops for local and overseas consumption on leased land in Innswood, St Catherine, is projected to double the national onion yield from new methodologies used on its farms. But it is still not...
The pandemic has led to plummeting sales for drink products aimed at bargain consumers, and may very well have been the last straw that drove Spike Industries into closing down the bag-drink manufacturing division of its beverage business. The...
Marcus James, founder of microfinancing company Access Financial Services Limited, AFS, has assumed the role of executive chairman, while his prior job as CEO goes to Frederick Williams. The changes, which took effect on June 3, sees James...
Lasco, which trades in food items and other consumer goods, says consumers should brace for price increases over the coming months, but like one of its largest competitors, Grace Foods, adds that it’s trying to keep price hikes at a minimum by...
Two financial backers have pumped funds into Khary Robinson’s investment holding company, Norbrook Equity Partners Limited, totalling US$17.5 million ($2.6 billion), which he will use to finance new acquisitions and expansion plans. Separately,...
Consolidated Bakeries Jamaica Limited, which trades as Purity Bakery, is back in a profitable position after posting losses for the last two quarters of 2020 and a full-year loss of more than $14 million. The baking company made a small profit of $...
Marine park operator Dolphin Cove Limited is banking on a resurgence of foreign visitors, with a yen for adventure, to paddle its way back to profitability in the June quarter, having seen hopeful signs in the period ending March. The company made...
After a rocky pandemic year, food packaging company Benlar seems to have finally found the right partner to scale the operation. Founder Craslyn Benjamin thought she had found her footing in 2019 after overcoming start-up woes, ranging from high...
Microlending firm Dolla Financial is floating a $200-million bond, amid plans for at least two acquisitions this year. Dolla has the option of upsizing the bond to $300 million, according the private placement memorandum obtained by the Financial...
Grand Hotel Excelsior Limited, the new owners of the former Morgan’s Harbour Hotel, has made minor upgrades to the property for its phased reopening amid the ongoing pandemic, but is still mulling over the plans to develop the property into a five-...
