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Former Jerky’s manager awarded $5 million for ‘unjustifiable’ dismissal

The Industrial Disputes Tribunal (IDT) has awarded a former restaurant manager $5 million for her “unjustifiable” dismissal after its first decision in 2020 affirming her termination was overturned by the Supreme Court. The IDT is a quasi-judicial body established by law to resolve disputes between workers and their employers. Melisa Donalds was the restaurant manager […]

One Great Studio breaks IPO drought

Digital marketing company One Great Studio (1GS) has broken the drought for investors seeking to participate in initial public offers (IPO) this year, being the first to come to market. The company, which calls itself a “digital first” operation, will be seeking to raise $338.63 million in equity through its IPO, which will open on […]

Newcomer ECHE gets cash boost from regional security giant

The equity deal with amalgamated was linked in March, just months after Myres-Gray had reacquired former backer Proven Investments Holdings’ stake in the business. Read more at The Gleaner

ECHE Limited inks deal with Amalgamated Security Services

Lititia Myers Gray, chief executive of cash management and digital payments firm, ECHE Limited, is announcing a partnership pivot from its original majority shareholder to regional security company Amalgamated Security Services Limited. Read more a Our Today

Monumental merger: JP Group, PanJam to merge assets

Jamaica Producers Group Limited (JP Group) and PanJam Investment Limited have announced a monumental agreement which will see the amalgamation of the asset bases of both businesses, valuing more than $100 billion, in what is one of Jamaica’s largest-ever partnerships. Details of the agreement were outlined in a joint release on the Jamaica Stock Exchange’s […]

Spur Tree Spices cements foothold in canned ackee export market

Spice and condiments manufacturer Spur Tree Spices Jamaica Limited (Spur Tree) has acquired majority ownership of agro-processing company Canco Jamaica, which trades under the brand Linstead Market. The acquisition is intended to cement Spur Tree’s foothold in canned ackee exports, deepen export penetration and increase the production capacity of both entities. 

NCB successfully raises US$300 million through international private placement

Jamaica’s leading commercial bank, National Commercial Bank (NCB), has successfully raised US$300-million on the international capital market. The money was raised through a private placement, arranged by Florida-based Greyfell Capital Management LLC. The capital raise was executed by way of the securitization NCB’s Credit Card Merchant Voucher Receivables. Read More at Our Today

GraceKennedy to acquire Scotia Insurance Caribbean

GraceKennedy (GK) is set to acquire 100 per cent of Scotia Insurance Caribbean Limited (SICL). The transaction is subject to regulatory approvals and other customary closing conditions.  The announcement of the impending acquisition comes exactly one year after GK acquired another Bank of Nova Scotia subsidiary, Scotia Insurance Eastern Caribbean Limited (SIECL). The business was subsequently rebranded as […]

GK Announces New Joint Venture With TTUTC

GraceKennedy (GK) has announced that the investment and advisory arm of its GraceKennedy Financial Group (GKFG), GK Capital Management Limited (GK Capital), has signed a joint venture agreement with the Trinidad and Tobago Unit Trust Corporation (TTUTC). The new venture, which remains subject to the requisite regulatory approvals, will allow GK and TTUTC to partner […]

GK Announces New Joint Venture With TTUTC

The TTUTC and GK team at the signing of the joint venture agreement last Friday, May 20, 2022 at the GK headquarters in downtown Kingston. (L-R) Jezeel Martin, Associate, Myers, Fletcher & Gordon; Hilary Reid, Partner, Myers, Fletcher & Gordon; Deyson Scott, (Ag.) Vice President, Sales and Service, TTUTC; Dawn Seepersad, General Counsel and Corporate […]