Home Tag "GraceKennedy"

Sean Scott Heads Canopy Insurance, As GraceKennedy Musson Partner To Enter Group Insurance Market

GraceKennedy and the Musson Group today officially announced a partnership that will see the two companies collaborating to enter the group health and life insurance market under the name Canopy Insurance Limited. Don Wehby is the Chairman of the new entity, while both GraceKennedy and Musson will split Board seats and ownership of the venture […]

JMMB Group Limited Announces US$200 Million Investment in Alignvest Acquisition II Corporation (New Sagicor)

GraceKennedy Delivers 12% Growth in Net Profit – Revenues Up $2 Billion For First Half Of 2018

In releasing its Interim Stockholders’ Report for the Second Quarter ended June 2018, the Board of GraceKennedy Limited is reporting revenues of J$48.4 billion, an increase of 4.3% or $2 billion over the corresponding period of 2017. This was driven largely by growth in its Food Trading and Insurance segments. Net profit for the period […]

Cargo Handlers’ Increased Q2 Revenue Mainly Attributed To Baggage Handling And Provisioning Activities Associated With Home-Porting Cruise Vessels

Gracekennedy Acquires 35% Share In Catherine’s Peak Pure Spring Bottled Water Brand

GraceKennedy Limited (GK) has announced that the Company will acquire a 35% share in Catherine’s Peak pure spring bottled water brand, which is owned by Peak Bottling Company Limited (PBCL), subject to further due diligence. The acquisition is being undertaken following the signing of a binding memorandum of understanding between GK and PBCL at GraceKennedy’s […]

JMMB Group Limited Announces US$200 Million Investment in Alignvest Acquisition II Corporation (New Sagicor)

GraceKennedy Reporting 2016 EPS Of J$4.04 Up from J$2.78 in 2015, a 45.3% increase.

GraceKennedy, Group President and CEO Don Wehby is describing 2016 as a good year for the GraceKennedy Group having achieved several of the key strategic and profitability milestones set. Group revenue for 2016 was J$88.27 billion, representing an increase of 10.7% or J$8.53 billion over the $79.74 billion recorded for 2015. Net profit attributable to […]

Cargo Handlers’ Increased Q2 Revenue Mainly Attributed To Baggage Handling And Provisioning Activities Associated With Home-Porting Cruise Vessels

Gracekennedy Terminates Distribution Relationship With Trinidad Based Beverage Manufacturer SM Jaleel & Co Ltd,

GraceKennedy Group Chief Executive Officer Don Wehby confirmed on a recent conference call that GraceKennedy has terminated its distribution relationship with Trinidad based beverage manufacturer SM Jaleel & Co Ltd, While the products including Busta, Chubby and Fruta did add to GraceKennedy’s revenue line the profitability was very marginal. So in terms of GraceKennedy’s strategic […]

JMMB Group Limited Announces US$200 Million Investment in Alignvest Acquisition II Corporation (New Sagicor)

National Export Strategy To Achieve US$2.5 bn In Exports By 2020.

Don Wehby Group Chief Executive Officer of GraceKennedy and Chairman of JAMPRO is of the view that efforts to improve our global business relations and increase our exports is a national priority. One he says that has been articulated by the Economic Growth Council, and which is central to Vision 2030’s goal for making Jamaica’s […]

JMMB Group Limited Announces US$200 Million Investment in Alignvest Acquisition II Corporation (New Sagicor)

GraceKennedy Announces Organisational Changes for 2017

GraceKennedy Limited (GK)  has advised of the following organisational changes which will take effect on January 1, 2017 and April 1, 2017: Grace Foods Effective January 1, 2017 the following changes will occur in the Grace Foods division: Gilroy Graham, who is currently Senior General Manager for Grace Foods & Services (GFS) within GK Foods Jamaica, […]

JMMB Group Limited Announces US$200 Million Investment in Alignvest Acquisition II Corporation (New Sagicor)