Mayberry Group has doubled its private equity stake in Keoworld, a fast-growing Miami-based fintech firm now positioned to absorb a segment of American Express’s international credit card business. The value of Mayberry’s stake…
Category: Business & Economy
Election spending a boon for some businesses
With the general election reaching its climax on Wednesday, September 3, some businesses are counting windfall earnings from the provision of goods and services to boost both major political parties in their quest…
Constellation Brands lowers sales forecast as consumers buy less beer
Constellation Brands, which owns the Modelo and Corona beers in the United States, lowered its full-year sales and profit outlook Tuesday, citing falling demand among Hispanic customers in particular. Constellation President and CEO…
Spirit Airlines files for bankruptcy again but vows to keep flying
Budget carrier Spirit Airlines said Friday that it has filed for fresh bankruptcy protection just months after emerging from a Chapter 11 reorganisation. The ultra low-cost airline said it plans to keep flying…
Cedric Stephens | Financial regulation at a crossroads
Jamaica’s financial services industry stands at a regulatory crossroads. The adoption of the twin peaks regulatory model – dividing prudential oversight and market conduct into two distinct regulatory peaks – should be more…
BirdShack not giving up on Kingston
BirdShack Fried Chicken is actively looking for a new location in Kingston to re-establish a store in the city, possibly before the end of the year, and is looking forward to adding more…
It’s a wrap on two of The LAB’s five movies
Marketing and creative company The Limners and Bards Limited has completed at least two of its five movies promised last year and is hoping that, starting in 2026, earnings from the romance flicks…
Jamaica to be focal point of Excelerate US$400m regional natural gas expansion
Excelerate Energy plans to invest up to US$400 million in energy infrastructure across Jamaica and the wider Caribbean, following its acquisition of natural gas assets from New Fortress Energy. The move will position…
Puerto Rico power company debt deal crumbles
A plan to restructure more than US$9 billion in debt held by Puerto Rico’s ailing power company hit a big snag this week after a group of bondholders terminated their deal with a…
Wisynco invests in Select Brands holding company
Beverage maker and consumer goods distributor Wisynco Group Limited has acquired the assets and operations of Ringtail Bottlers Limited, RBL, and has taken a 30 per cent stake in Ringtail Holdings Limited, the…