News

Ian Kelly Ascends To CEO Role At Derrimon Trading

Ian Kelly, a seasoned executive and key member of Derrimon Trading’s leadership team, has been appointed CEO of the publicly-listed company. His appointment marks a strategic move to bolster leadership as Derrimon Trading continues its growth across the retail, distribution, manufacturing, and logistics sectors. Kelly, who has been with Derrimon since 2011, brings a wealth […]

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Caribbean Flavours boosts earnings with strategic investments

Caribbean Flavours and Fragrances (CFF) solidified its market position during the financial year ending December 31, 2023, reporting revenues of $900 million. The company recorded a remarkable 121.38 per cent increase in profit before tax, with a gross margin rise of 21.58 per cent. Additionally, earnings per share more than doubled, reflecting CFF’s strong operational

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Derrimon to refresh operations of US supermarkets

Outside of a name change already set to take effect, Derrimon Trading Limited (DTL) is positioning to lead a complete refreshing of operations for its two US stores when they reopen next month. The New York-based Food Savers and Good Food for Less retail operations, incorporated as Marnock LLC and Marnock Retail LLC when they

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Woodcats Int’l aids hurricane recovery efforts in St Bess

In the aftermath of Hurricane Beryl’s devastation, Woodcats International, a subsidiary of Derrimon Trading Company Limited (DTL), is aiding recovery efforts by providing materials for the renovation of roofs for two deserving families in St Elizabeth. The gesture was welcomed by Minister of Agriculture, Fisheries and Mining and Member of Parliament for St Elizabeth South

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Derrimon to rebrand US grocery stores as Sampars, Mid-October return to business expected for shuttered operations

Derrimon Trading Company Limited will be exporting the Sampars brand to New York, where its two American grocery businesses are currently shuttered amid repairs, and have become a drag on its bottom line. The Jamaican company plans to rebrand its Food Saver and Good Food for Less retail operations, saying the Sampars name has better

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CFF targets $1 billion revenue as export strategy gains momentum

Caribbean Flavours and Fragrances Limited (CFF), a leading provider of flavours and fragrance solutions in the region, has announced its financial results for the six months ended June 30, 2024. The company recorded steady growth despite ongoing challenges in the domestic economy, reflecting the strength of its operations and strategic positioning.

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Derrimon Trading reports mixed results with strong retail growth, cost management in H1 2024

Derrimon Trading Company Limited (DTL) — a leader in wholesale distribution, retail, and manufacturing in Jamaica — has released its unaudited financial results for the six months ending June 30, 2024. The results reflect a challenging operating environment but also demonstrate the company’s resilience and strategic focus.  

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Derrimon aims for October reopening of US stores

DERRIMON Trading Limited (DTL) is pushing to have its Food Savers NY supermarket and its Good Food for Less wholesale businesses in Brooklyn, New York, reopened by October. The entities, which are located on the same building, have remained closed since the roof collapsed on March 22 this year. Rains since then caused delays in

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