GraceKennedy

GraceKennedy Limited
Public company
Traded as JSE: GK
TTSE: GKC
Industry Insurance, Financial, Banking, Remittances, Manufacturing, retail, distribution
Founded Jamaica
Headquarters Kingston, Jamaica
Products Financial services, Drinks, Foods
Website http://www.gracekennedy.com/

GraceKennedy Limited is one of the Caribbean's largest conglomerates, with several diversified companies in the Caribbean, Europe and North America.

Group Members

The group includes:

History

One of the company's founders (Dr. John J. Grace) had worked for Grace Ltd, a wholly owned subsidiary of New York's W. R. Grace and Company. When, in 1922, W.R.Grace decided to divest the Jamaican subsidiary, Dr. Grace bought the company and, along with Fred Kennedy, a Jamaican, co-founded Grace, Kennedy and Company Limited. The company which first operated as a small trading establishment, soon acquired wharfing facilities in order to facilitate its imports.[1]

It has expanded and diversified over the years,[2] changing from a privately owned enterprise to a public company listed on the stock exchanges of Jamaica, Trinidad, Barbados and the Eastern Caribbean.

Today, the GraceKennedy Group comprises a varied network of some 60 subsidiaries and associated companies located across the Caribbean and in North and Central America[2] and the United Kingdom. Their operations span the food distribution, financial, insurance, remittance, hardware retailing and food-processing industries.[3]

In 1995, GraceKennedy developed its 2020 Vision, the objective being to transform from a Jamaican trading company to a global consumer group by the year 2020. At the end of 2006 its market value stood at J$21 billion, up from $1.29 billion in 1995 - an increase of 1500%.[4]

External links

References

  1. ↑ Grace, Kennedy & Company Limited, A Story of Jamaican Enterprise, Douglas Hall
  2. 1 2 "Four firms awarded for job creation". The Jamaica Observer. 30 July 2004. Retrieved 2009-08-11.
  3. ↑ "Our Companies". Grace Kennedy and Company Limited. 2005. Archived from the original on June 15, 2009. Retrieved 2009-08-27.
  4. ↑ GraceKennedy Annual Report 2005
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