FosRich Company limited has struck $1-billion deal to acquire a business in Montego Bay, signalling the company’s readiness to start making a serious play for business as a hardware retailer. The energy products…
Category: Business & Economy
Boeing CEO to exit in broad management shake-up
Boeing CEO David Calhoun will step down from the embattled plane maker at the end of the year as part of a broad management shake-up on Monday after a series of mishaps at…
Hip Strip to be redesigned with new look
The Jimmy Cliff Boulevard in Montego Bay, popularly called the Hip Strip, will get a new makeover that will see the asphalted streets being replaced with cobbled stones, and trees planted to cocoon…
SRF open to more joint ventures in next investment cycle
Sygnus Real Estate Finance Limited, SRF, has reached the ‘exit and reaping phase’ of its investment cycle on its first round of developments. Chief Investment Officer of Sygnus Capital, Jason Morris, says this…
Derrimon amplifying brands, exports to offset commodity blues
Derrimon’s distribution operations dipped into red again last year, and now the company is on a drive to strengthen that arm of the business by amplifying the branded items in its portfolio and…
Jamalco’s value doubles under new ownership, losses unchecked
Century Aluminium has made a US$273-million gain, according to updated information in its newly released year-end financial report. That’s up from the preliminary estimate of US$103 million in mid-2023, when Century acquired ownership…
Unilever to spin off ice cream business
Unilever, the company that makes Ben…
GK looking to Broadspan, PwC to land M&A targets in major markets
Food and financial services group GraceKennedy Limited is tapping into international expertise as it ramps up its M…
Jamaica Broilers sells US hatchery but mulling more investment in chick line
After selling its hatchery located in the American midwest for US$23 million, poultry company Jamaica Broilers Group, JBG, is considering additional investments in the same line of business, just at a different location…
As the rumble of tractor protests grows, the EU offers more environmental concessions to farmers
The European Union’s executive arm proposed weakening even more climate and environmental measures in the bloc’s latest set of concessions to farmers apparently bent on continuing disruptive tractor protests until the June EU…