GraceKennedy Money Services Continues its Caribbean Expansion into the Turks & Caicos Islands

GKMS

GraceKennedy has announced that effective today, GraceKennedy Money Services (GKMS) will be expanding operations into the Turks and Caicos Islands through GraceKennedy Money Services Turks & Caicos Limited (“GKMS Turks & Caicos”). GKMS is a member of the GraceKennedy Group and authorized agent of Western Union.

With this new market, GraceKennedy through GKMS, now serves as Western Union’s agent in eleven countries across the Caribbean, including Jamaica, Trinidad & Tobago, Guyana, St. Vincent and the Grenadines, St. Kitts and Nevis, Antigua and Barbuda, Anguilla, Montserrat, the British Virgin Islands and the most recent addition, the Cayman Islands in November 2015.

According to GraceKennedy Group CEO, Don Wehby, “As we mark our 25th year of

Don-Wehby-3
Don Wehby, CEO, GraceKennedy Group

representing Western Union in the region, we are pleased to offer Western Union services in the Turks & Caicos Islands. This expansion is aligned with GraceKennedy’s strategic vision of becoming a Global Consumer Group delivering long term consumer and shareholder value, through brand building and innovative solutions in food and financial services, provided by highly skilled and motivated people. With two and a half decades of expertise in the money services industry, we look forward to meeting the needs of customers in the Turks & Caicos Islands.”  Mr Wehby is also Chairman of GraceKennedy Money Services Caribbean, SRL.

 

 

Michelle Allen
Michelle Allen, CEO, GraceKennedy Money Services

 

 

According to Michelle Allen, Chief Executive Officer of GKMS, “We are excited to offer customers in the Turks and Caicos Islands Western Union services.  We are committed to providing our customers throughout the region with reliable, convenient and innovative money transfer solutions.”

 

 

 

She continued, “We will also continue our investment in robust compliance systems, which are critical to our business, allowing us to protect our customers while meeting all regulatory requirements.”

GKMS Turks & Caicos will initially have one operating location, ‘Your Choice TCI’, located at Payless Warehouse Limited, 7 Hospital Road in Providenciales.  The company plans to add more locations over time.  ‘Your Choice TCI‘  will open Mondays to Saturdays from    9 a.m. to 5 p.m.

Over the past 25 years, GraceKennedy Money Services has delivered a wide range of Western Union products and services aimed at enhancing customer convenience and experience. These include the ability to receive and send international and domestic money transfer services for a loyal customer base.

 

J. WRAY & NEPHEW LIMITED DONATES OVER 70 HOSPITAL BEDS ISLAND-WIDE

J. Wray and Nephew Limited, recently donated 76 hospital beds and mattresses valued at approximately US$57,000 (J$6.8 Million) to six major hospitals across the island as part of the company’s 190th anniversary celebrations.

 

 

The handover of the beds was made during a ceremony at Food For The Poor Jamaica’s headquarters at Ellerslie Pen, St. Catherine. The health institutions benefitting from this donation are Kingston Public, Spanish Town, Cornwall Regional, May Pen, St. Ann’s Bay and Mandeville Hospitals.

ALL SET_JWN HOSPITAL BED HANDOVER

Commending J. Wray and Nephew Limited for its vital contribution to the health sector, Hon Horace Dalley, Minister of Health stated that, “The demand for bed space at our health facilities is great. In December 2015 there was a total of four thousand and eighty-four (4,084) in-patients across the island. Therefore, this donation will go a far way in assisting with ensuring that we have adequate beds to accommodate our patients.” He further added, “We welcome this partnership with the private sector as we continue to work towards strengthening the health sector in many ways.”

Clement ‘Jimmy’ Lawrence, Managing Director of J. Wray and Nephew Limited, was especially pleased that, as part of its tradition of giving back, the company was able to play a part in alleviating the challenges currently being faced by the public health sector.

 

“Our Company recognizes the critical role of investing in areas of national development and the health sector is of paramount importance in this regard. We are delighted to be able to provide these beds, thereby increasing the capacity of the recipient hospitals and filling an existing need of our primary care providers across the island.”

 

Lumex-US0208-2All 76 beds are semi-electric, which means they are able to be adjusted with and without an electrical source.

 

The initiative was carried out in partnership with Food for The Poor Jamaica which sourced the beds ensuring that they met international specifications.

 

 

 
Mrs. Jennifer Chambers, Acting CEO of the Spanish Town Hospital stated: We’re very happy that J. Wray & Nephew took on this initiative because these beds will definitely help to enhance the experience of patients at the hospital.”

 
J. Wray and Nephew Limited’s 190th yearlong anniversary celebrations will continue until June 2016 and the company will continue its community outreach during this time, giving particular attention to the areas of community development, education, sports and health.

HI-LO FOOD STORES TO OPEN LIGUANEA LOCATION

Hi-Lo has announced that it will be adding a new location to its food store chain, acquiring a lease for the property previously occupied by Empire Supermarket in Liguanea. The Liguanea location will bring to thirteen, the total number of locations island-wide.

“The area is not new to us, and we are very happy to be returning to the Liguanea community. We are excited about providing our Liguanea shoppers with the exceptional customer service that Hi-Lo is known for,” said General Manager, Mrs Renee Nathan. Hi-Lo Supermarket is no stranger to Liguanea, having had a location in Liguanea Plaza, which closed in 2009. “This location is an ideal one for us. We are putting all the plans in place to ensure that we capitalize on this,” Mrs Nathan continued. The location is expected to be open by the beginning of the second quarter.

Hi-Lo embarked on a renovation exercise in 2014, which has seen both its Manor Park and Barbican locations renovated and relaunched in January and June 2015, respectively. The exercise has resulted in very positive customer feedback, as well as an improvement in profits for the chain.

According to CEO of GraceKennedy Foods, Jamaica, Andrea Coy, “We allocated some $US8million to the renovation process, and we are very pleased with the impact it has had on both the customer experience and on our bottom line. Our Fairview location in Montego Bay is next in line to be renovated. That will happen in the first quarter of this year. The opening of the Liguanea location and the renovation of Fairview are top priorities, and we are excited to have both projects completed so we can enhance the customer experience and contribute to our financial performance.”

“I am really pleased with the performance of Hi-Lo. The strategy we have employed is really working there. The team is very committed and their hard work has enabled this transformation. I am very optimistic the future of Hi-Lo. Our US$8million investment demonstrates that we are serious about the upgrade of our existing stores, and the addition of new locations. I want to reassure our customers that they remain our major focus, and that we are more motivated than ever to provide them with an excellent customer experience every single time,” said GraceKennedy Group CEO Don Wehby.

GRACEKENNEDY FOODS JAMAICA SHOWS STRONG GROWTH FOR THE FIRST NINE MONTHS OF 2015

GraceKennedy Foods is reporting that its Foods segment in Jamaica has seen significant growth for the nine months ended September 30, over prior year. Areas specifically highlighted for mention included the company’s manufacturing and retail (Hi-Lo) segments, as well as Grace Foods & Services through its major consumer promotion for 2015.

“We refer to GK Foods – Jamaica, as the fortress of our business. This is where it all began and so we are firmly committed to ensuring that the fortress not only stands strong but continues to grow,” said GraceKennedy Group CEO, Don Wehby. He continued, “It is a fiercely competitive environment, but we have the right people in the right places, who are executing well on our strategy and we are seeing the results.”  Mr Wehby added that the focus for 2015 and beyond was to win the hearts and minds of customers, through great people. “Re-engaging our customers is a consistently high priority and we continue to work at this every day, because we know without our valued customers, we have no business,” he said.

 

GraceKennedy’s recently released third quarter results showed that the Food Trading segment  had revenue growth of 17% over the corresponding period last year. The company saw significant positive impact of its “Grace on the Move” promotional campaign in Jamaica.

 

The Group CEO also spoke to the strength of GK Foods Jamaica’s manufacturing arm, which was boosted by strong demand for products manufactured in Jamaica, efficiency gains, yield improvements and favourable commodity prices. All these factors combined resulted in higher profits when compared to prior year.

 

Grace Agro Processors (GAP), the company’s processing plant in Hounslow, St Elizabeth has been performing well despite the challenge of severe drought this year. As at the end of September, GAP had exported 38 metric tonnes of pepper mash. According to Mr Wehby, the 2016 outlook for GAP’s export business was expected to grow significantly, which would directly benefit local farmers with whom GAP partners.

 

“We are also very happy with what we have seen happening in our Hi-Lo stores,” said Mr Wehby. He noted the investment made in the chain through renovations completed in its Barbican and Manor Park Stores to the tune of J$265M. As a result of those investments, says Mr Wehby, Hi-Lo continues to deliver improved results not only in the renovated stores, but across the chain. Customer feedback has been very positive, he noted. The total amount to be invested by GraceKennedy for further Hi-Lo store renovations is J$1B.

 

“We’re looking forward to the Christmas season, as we know how popular our Grace hams are, and we believe that’s an area we will do really well in. Our aim is to finish the year by sustaining the strong performance and growth we have seen so far,” said Mr Wehby.

Denis O’Brien’s Commencement Speech at UWI Graduation Ceremony –  October 30th 2015

Good evening and thank you for inviting me to speak today at this magnificent Commencement ceremony. It is a wonderful honour for me and my family to receive this honorary law doctorate from the University of the West Indies. Thank you.

Your university has an incredibly illustrious history and a vital presence. Your national hero, Marcus Garvey, captured this perfectly when he said; “Show me a prosperous nation and I’ll show you an educated people.”

From the day I walked through Kingston airport back in 2000, little did I know that I would find a home away from home. Places like Irish Town and Dublin Castle in the cool hills of St. Andrew – Irish Pen and Sligoville in St. Catherine.

I have travelled Leinster Road, Leitrim Road, Sackville Road all in Kingston and St. Andrew. If I close my eyes I hear melodic accents similar to what I find back home.

Luck played a role in all our lives and it was luck that in 1655 – Admiral Penn and General Venables failed miserably at taking Santa Domingo in Hispaniola and, not wanting to return empty handed, proceeded to turn their attention to Jamaica where the Spanish settlers could only put up token resistance.

Along the way, these Spanish settlers freed many African slaves who took to the hills and became “Maroons”. The English quickly captured Spanish Town but they lacked workers to exploit their conquest. Records show that the vast majority of the first wave was made up of young Irish men and women – bonded slaves. Or trouble makers from Ireland vanquished by Oliver Cromwell.

These people created the unique bond between Jamaica and Ireland that exists to this day.

Debis O'Brien Addressing GraduandsI believe these early bonded slaves from Ireland created the DNA that ultimately made us as a foreign direct investor coming from Ireland so welcome. That makes me an accidental Jamirishman – having sold my business in Ireland in 2000. I was out of a job, had no office to go to and my wife sent me out of the door each morning at 7.30am.

For days and months afterwards, I was like a zombie drinking endless cups of coffee and reading the newspapers while all of my friends were out at work. It is a great example of money not buying happiness.

Luck came to my rescue and one morning I spotted a small box ad in the Financial Times where the Government of Jamaica was inviting people to bid for a mobile phone licence. It was my light bulb moment.I had never been to Jamaica before but I asked a colleague to go to the auction, somehow get their hands on a phone – and bid and when the hammer came down, I was the proud owner of a Jamaican mobile phone licence for US$ 47.5 million.

To be truthful, during the auction, I was in a bar in Dublin drinking Appleton’s rum and we kept on going on the rum into the night. The next morning, I woke with empty pockets and a rising feeling of panic “What have I done?!”

Three days later, we sent a team down to Jamaica under Seamus Lynch – our first Jamaican employee was Lisa Lewis, a proud UWI graduate, and quickly after Harry Smith became our chief strategist and marketing director, followed by Keith Smith, Donel Miller, Earl Manning and Michelle Williams.

Denis O'Brien with fellow honouree Jamaica's Poet Laureate Mervyn Morris

The proudest part of all of that we have achieved over the years is that, as a company, we have our roots here in Jamaica. Without hesitation, Jamaica is the cornerstone of Digicel growth and development of all our 32 countries.

But life is not all about ups. I have also had to face failure. My first business was a TV shopping channel in the UK and in its first month of operations, it generated revenue of 12,000 pounds and a loss of 500,000 pounds.

My enthusiasm for the business idea was way ahead of consumer demand. Ultimately this business failed in a major way. It was a dent to my pride, a blow to my own perceived abilities. My father always said to me: the truth will set you free. I had to face my financial backers and admit to my shortcomings.

It was probably the best business lesson I ever had because it made me more discerning in looking at my next great idea and the next time I focused heavily on sales revenue and having the cheapest cost base.

Well…you may ask how the hell did this guy get from there to where I am today? Well, luck definitely played a part. But it was also about finding a business idea to grab hold of and grasping every opportunity.

I’ve always devoured information – Forbes, Fortune, Wall Street Journal – any newspaper or news website – and in the ether, you see ideas and say to yourself: will this work in Ireland or that could work in Jamaica.

All of us need to continuously look at opportunities globally and find ways to bring those to a Jamaican context. Jamaica has more unfulfilled economic potential than nearly all of the other Caribbean countries combined. For the first time in the history of this country, you have two balanced budgets and the green shoots of economic reinvigoration.

There is no better time to be joining the workforce. If your Government sticks to its fiscal reform policies, economic growth will surge and over the next five years, this country will rock and roll.

For those of you who have an entrepreneurial sniff, you have to think of an idea or a business that you can develop in Jamaica but whose products and services you can also sell overseas.

And for those of you who did not study business in this great university, it does not mean that you can’t be a success in business. For my part, I studied history and politics – why? Because I couldn’t pass the equivalent of your maths C-SEC qualification that I needed to get into business school – in fact, I failed it three times – which was a world record

But the reality is that if you can count to ten, you can be a successful business entrepreneur.

Succeeding in any walk of life means committing to a cycle of life-long learning and continuous self-development. Obtaining your degree is not a watershed moment but the start of a journey to learn and learn and keep learning.

Also, for those of you who have had a bumpy academic career….don’t worry, you’re more likely to be successful!

At the start of every year, I sit and write down 12 to 15 objectives for myself – broken into personal learning, personal reinvention – and a number of business goals.

We all have to keep reinventing ourselves to stay relevant and be successful in the job we are in.

If you have that piece of paper in your back pocket and you get it out every month and review it and your performance against it – it’s like having a compass in the middle of the Pacific in a cyclone.

One category of people that I really admire are mavericks – because they are different to the norm. They look at things with different eyes, see solutions no one else can and extraordinary opportunities in what others see as ordinary.

Many UWI graduates who joined Digicel have become mavericks – people like Fabian Williams, Jackie James and Sean Latty.

If you are one of those people – stay that way. Don’t conform – and don’t let anyone try to force you.

Entrepreneurs and, leaders all have a special chip in their brains that makes them what they are – Butch Stewart is a perfect Jamaican example of this, PB Scott from Facey, Chris Blackwell – and Kimala Bennett with her Production Lab and Young Entrepreneur Handbooks is up and coming – and of course there are many many others. Emotional Intelligence is another vital ingredient.

In looking to develop yourselves – no matter what walk of life you choose – be it business, politics, education, not for profit – you need to find a way to stand out.

Many of you will be looking at me and thinking that I am a rabid capitalist – but maybe that reading needs some correction.

My mother is a serial protestor. She took issue with President Reagan’s foreign policy towards Nicaragua in the 1980s. On the very day I sold my business in Ireland in 2000, my mother ordered me down to the Russian embassy to protest against the treatment of the Chechens.

As a child, she taught me about Africa and the developing world and, because of her, my siblings and I felt a bond with those less fortunate which saw us in the 70s out with our tins collecting money for the missionaries – like every other child in Ireland.

This philosophy has travelled with me to this very day – as far as I am concerned, capitalism is broken. The greed that led to the Wall Street crash of 2008 reinforced that.

95% of multinationals do nothing to give back to the developing world where they make their profits.

I find myself thinking about mortality more and more these days – when I die, I do not want to be called a conquistador.

If the truth be known, I admire social entrepreneurs far more than entrepreneurs – because they make the biggest impact on society. Looking after the people who in our busy lives we can’t look after, is surely the noblest cause.

In this country, you are blessed with a rich seam of social entrepreneurs – people like Father Gregory from Mustard Seed, Michael Barnett from New Horizon Outreach Ministries and  Jason Henzell of Jakes Holdings.

Those of you who have a leaning towards social entrepreneurship will probably end up being far happier than many of your peers in the commercial world for one reason; helping those that can’t help themselves is way more fulfilling than making money. Commercial enterprises don’t own the title deeds of entrepreneurship.

So tomorrow, when you wake up after a night of well-deserved  celebrating and partying, take out that piece of paper and map out your plan for the next three, six and 12 years.

In doing so, you will be mapping out your path to happiness – and that is not a path that someone else should dictate.

But for right now, this is your time.

And what a fantastic, exciting time it is; stepping into the unknown, leaving behind the comfort blanket of this university.

Now it’s your time to turn all your ideas and thoughts and enthusiasm and knowledge into something great; something that will positively change your life and, hopefully, a resurging and newly vibrant Jamaica.

So I encourage you to dream big, work hard, follow your passion and grab every opportunity with both hands.

Give generously and receive graciously.

Meet failure head on, learn from it and move on quickly – and always remember to come back to that piece of paper in your back pocket and check your progress against your plan.

And maybe some day in the future, I will be lucky enough to have the pleasure of seeing some of you presenting at a Digicel board meeting.

I would like to leave you today with a quote from Irish writer, Samuel Beckett; “Ever tried. Ever failed. No matter. Try Again. Fail again. Fail better.”

Denis O'Brien receives honorary doctorate

Thank you all for your kindness. Congratulations to you all and God bless.

Jelani Walker is the First Recipient of the Don Wehby Scholarship for Excellence in Sports and Academics

GraceKennedy Group CEO and St George’s College ‘Old Boy’ Don Wehby spoke at the school’s graduation ceremony. During his remarks, he made a call for more individuals to get involved in the development of their alma maters, pledging $100,000 of his personal income to fund an annual scholarship for needy, academically inclined athletes at the institution.

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Mr Wehby has made good on that promise. On Tuesday, September 8, at the St George’s Founder’s Day service at the Holy Trinity Cathedral, sixth form student Jelani Walker was awarded the inaugural Don Wehby scholarship for Excellence in Sports and Academics.  The scholarship will be given annually to a sixth form student in need of financial assistance, who displays academic excellence, excellence in sports, community service and a high level of discipline.

“I was an athlete in High School, and I know first- hand the challenge to balance the schoolwork with the sports. Add financial need to the equation and it can cause great stress and worry, and that can really negatively impact how a young person performs in school. I think it’s also good to reward young people who aim high, display good values and achieve greatness. Jelani is an outstanding you man, and very deserving of this award based on the criteria,” said Mr Wehby.

“I just want to encourage more of us who can – as individuals and as corporate entities – to give back to the schools that have, in large part, helped to make us who we are.  It’s good for the young people, good for the institutions and good for Jamaica,” said Wehby.

GRACEKENNEDY GROUP AND ISSA FORM JOINT VENTURE COMPANY TO MANAGE MEDIA RIGHTS FOR ALL ISSA SPORTING EVENTS

The GraceKennedy Group has announced the formation of a joint venture company with the Inter-Secondary Schools Sports Association (ISSA), which will manage the media rights to all of ISSA’s sporting events for the next 15 years.

In explaining how the joint venture came to be, Dr. Walton Small, President of ISSA said, “We wanted to maximize the revenue opportunities from secondary school sports in Jamaica to fund the development of those sports and high school athletic programmes overall. We have a long, rich history with GK, and decided to partner with them to make this happen.”

The strength of the GK/ISSA partnership was underscored by Steven Whittingham, Managing Director of GK Capital Management, the investment arm of GraceKennedy, which will oversee the investment on GK’s behalf. “We have built a very strong relationship with ISSA, and have enjoyed working with its Executive team of Dr. Walton Small, Colleen Montague and Keith Wellington. Both entities are excited at the prospects that exist from this joint venture,” Mr Whittingham said.

He explained that the joint venture company  called ‘Greenfield Media Productions Ltd’,  has acquired  the media rights for all ISSA’s sporting events by virtue of a long term licence. ‘Greenfield Media’ will manage the sale and distribution of the television, radio and internet rights locally and globally.

GraceKennedy Group CEO, Don Wehby, said that the GK Group’s earnings from the joint venture will be used, in part, to increase GK’s support to education in Jamaica through the Grace and Staff Community Development Foundation. “GraceKennedy has always invested in the education of Jamaica’s youth, as we know that this is a significant nation building tool for Jamaica. This initiative will increase that investment significantly, and I am very proud of that,” said Wehby.

Under the joint venture with ISSA falls the entire portfolio of High School Boys and Girls sports, which includes Boys and Girls Championships (‘Champs’), Football, Cricket, Netball, Basketball (Boys and Girls), Volleyball, Swimming, Table Tennis, Badminton and Hockey.

The joint venture aims to increase the development of media content for traditional and non-traditional sports and expand distribution in the local and international markets. There will also be human interest content generated, about athletes and institutions which will promote Brand Jamaica’s sporting offerings, accomplishments and prowess to the diaspora and the world.

GraceKennedy Launches ‘GK World’ Series On Corporate Website

Company using digital presence to enhance customer relationships

As GraceKennedy continues to grow, the company has consistently tried to demonstrate that it is innovative and enterprising.   With subsidiaries all over the world, GK is well on its way to being a Global Consumer Group. This has caused the brand to ramp up efforts to stay abreast of global changes as well as consumers’ needs and preferences by offering a diversity of products and services.

The recent   launch of the  ‘GraceKennedy Value Rewards’ programme, the most robust and comprehensive rewards programme of its type, is part of this strategy. Under the programme, consumers can sign up and earn rewards when they use their card at select GK subsidiaries, with the added benefit of user empowerment, in which users are able to redeem their points directly. It is against this backdrop of empowering and engaging their broad and diverse customer base across borders, that the ‘GK World’ series is being launched.  It is borne out of the company’s internal desire for the brand to have a strong digital presence to develop meaningful relationships with its customers around the world, while emphasizing the brand’s ideals and values.

According to Tricia Martin, Head of Customer Loyalty and Engagement, “It’s not enough for us to know our fans and followers. We want them to know us too, and know us intimately.” She continued, “Sight, sound and motion are still the most powerful tools in storytelling and that is why we will be using this video series, ‘GK World’, to showcase the many stories inside GK.”

The videos will take on different formats and styles, and will give a real look at the GK brand, including its business, subsidiaries, its contributions and its positions on matters of national and global interest.

The first three episodes will feature Caroline Mahfood, Executive Director of the GraceKennedy Foundation, Tanketa Chance-Wilson, General Manager of Grace & Staff Community Development Foundation and Steven Whittingham, Managing Director of GK Capital.

This content will be carried exclusively on GraceKennedy’s website and social media pages.

Consumers are also being encouraged by Ms. Martin to “not only watch the series, but share their own experiences with GK or topics that they would like addressed in the ‘GK World’ series on the website through the GK & You link.”

GraceKennedy’s corporate website can be found at http://www.gracekennedy.com.