GRACE
KENNEDY
LIMITED
March 27, 2017
GRACE MAKES IT TO 95!
The Grace Kennedy Limited, formerly known as Grace, Kennedy & Company Limited, celebrates 95 ye
which is the most successful story in Jamaican business history. Luis Fred Kennedy, Carlton Alexander,
GRACE AIDS IN
HURRICANE On the 4th of October 2016, hurricane Matthew hit Haiti
RELIEF leaving them with a vast amount of damages. The storm left
the French speaking Caribbean country in a state of shock
as they were lacking many basic needs; food, water,
clothing and shelter. Assisting the Food For the Poor
initiative to contribute to them recovering, Grace Kennedy
Ltd contributed 2.5 million JMD worth of non-perishable food
items, ranging from porridge, corned beef, sausages, beans,
water, etc. Grace also made it their point of duty to continue
supporting the cause by reaching out and collecting items
such as clothes which they dont produce/distribute
themselves.
ROTTEN BEEF
BEING SOLD
TO JAMAICA?
There has been a recent assumption that factories in Brazil are sending rotten
meat on to Jamaican shores. With Grace Kennedy being the top distributor of
corned beef in the country, along with conforming to the rules of the
Government to remove all their corned beef from shelves. The factories that
supply GK with their beef are in fact not listed in those under investigation in
Brazil, along with corned beef not being under scrutiny. Following this
catastrophe, Grace Kennedy is offering consumers a full refund on their recent
corned beef purchases. This ban is only happening in Jamaica, and as such
GKs distribution of corned beef to USA and Canada will continue as normal,
with the usual sampling at each border. The Grace Kennedy Limited will be
travelling to Brazil to conduct an independent investigation into the matter.
2 lorem ipsum :: [Date]
GRACE
FOODS BUYS
US FOOD
CHAIN In 2014, Grace Kennedy Foods USA executes the purchase of
La Fe Foods Inc for 26 Million USD. The chain is expected to
add approximately 13% to GKs revenue. La Fe Foods was
established in 1968 and GK sees it as a platform to grow
business in North America in the future. This purchase
enables business in Moonachie, New Jersey, Miami, Raleigh,
New York/Tri-State area and Georgia. This is the second
acquisition of this sort for Grace Kennedy Foods franchises
abroad, with the first in 2007 being WT Foods, now known as
Grace Foods UK.
GROUND BREAKS IN NEW HQ
DEVELOPMENT
95 year old company Grace Kennedy Ltd, has decided to rebuild their
headquarters in Down Town, Kingston. Michael Ranglin who is an engineer by
profession, takes on a new role in the company as Executive Chairman of
Grace Kennedy Properties Ltd and is overseeing the development. The
development is stated to cost 25 Million USD and to be taken place on 48,000
square foot of land located directly across from where the current HQ is and
the waterfront. Preparing for this project, the Myrtle Bank lot is now used for
parking. The new HQ which is expected to be completed by mid-2018, and
CEO, Don Wehby, is excited for its completion and what it will do for the
Downtown area.
3 lorem ipsum :: [Date]
BOJ APPROVES
GKS MOBILE
MONEY PLAN
Bank of Jamaica has granted Grace Kennedy Payment Services as
a licence for mobile money solutions through Grace Kennedy Money
Services. This is 9 month pilot project, launched in January 2017,
has over 250 participating internal customers. The initiative is
branded GK-MPay , and it allows persons to pay bills, pay for goods
& services at retail locations, top up phones, peer-to-peer
transactions, and undertakings all from a mobile phone. Wehby says
it will put Jamaica ahead of several other countries, and the move
into this venture is to have a reach to customers through multi-
payment channels. Both telecommunications companies in Jamaica
are able to facilitate this initiative; also, it is facilitated on Oberthur
Technologies.
4 lorem ipsum :: [Date]