Kintyre makes US$300,000 investment in Sevens Ice

 








Tyrone Wilson Chairman, President and CEO Kintyre Holdings (JA) Limited (KHL) and Seven Kingston Limited, owners of the Seven Ultra Lounge and Restaurant, on January 14 announced a joint venture to launch Sevens Ice.

Kintyre Holdings has made an investment in excess of US$300,000 in acquiring an associate stake in Seven and also establishing the start-up for the ice venture. "This initiative addresses Jamaica’s growing demand for high-quality ice, with operations set to begin in Q1 2025," Wilson stated.

Additionally, the venture has acquired a cold storage facility to manage its start-up capacity and is exploring the importation of ice to bridge the gap between demand and supply, ensuring a consistent and reliable market presence.

Distribution Expansion

Wilson said that Sevens Ice has secured a distribution point in Kingston and is in the process of setting up another in St. Catherine to serve the western and central parts of the island. This expansion will ensure broader market coverage and improve accessibility for customers in those regions.

Leadership

Nicole Masters has been appointed General Manager to lead Sevens Ice and oversee operations at Seven Ultra Lounge, which is currently undergoing refurbishment.

Wilson said, “With over 16 years of experience in Marketing and Sales, Nicole has successfully led initiatives that increased sales, expanded product offerings, and strengthened market presence. Her extensive background also includes roles at Coldfield Manufacturing Ltd., where she worked with brands like Big Jo Box Drinks and Pure Country Juices. These experiences have equipped her with deep expertise in the food and beverage industry, making her an exceptional leader for this venture.”

Kintyre indicates that the venture has secured supply agreements with major restaurants and event organizers, “and has already established strong relationships with a number of prominent events and dining establishments, ensuring robust market demand.”

“This partnership has also opened up a new market for Kintyre Holdings and Seven Kingston Limited, expanding their portfolio into manufacturing and distribution,” stated Wilson.

He concluded, “This joint venture with Seven Kingston Limited represents a significant step forward in Kintyre Holdings’ commitment to diversifying our operations and delivering value to the Jamaican market. By combining our strategic capabilities with Seven Kingston’s strong hospitality brand, we are well-positioned to address the growing demand for reliable, high-quality ice while creating lasting opportunities for growth.”

Donald Young, Founder and Director of Seven Kingston Limited commented, “At Seven Kingston Limited, we are more than a restaurant; we are a lifestyle and hospitality brand. Partnering with Kintyre Holdings allows us to extend our reach into manufacturing and distribution, complementing our core operations. This initiative underscores our shared commitment to innovation and meeting the needs of the Jamaican market.”


Photo: Tyrone Wilson and Donald Young.

Caribbean Money Daily

Caribbeanmoney.blogspot.com

Follow us for breaking news

Email austanny@yahoo.com

Comments

Post a Comment

Popular posts from this blog

BCMG increases risk management oversight: Launches surveys-as-a -service

Image
Insurance brokers in Jamaica often send underwriters themselves to survey risks; however, they frequently do not have the technical knowledge required to produce the best results. BCMG Insurance Brokers Limited (BCMG) in response, introduced - in support of the wider brokerage industry - an updated surveys-as-a service product which has been embraced by the wider community as groundbreaking. Senior Risk Manager on the New Business Team of BCMG David Lazarus explains, “We saw where the technical details and in-depth knowledge of the intricacies of business operations were not always being taken into consideration. This was seen as an opportunity to expand into this space.” In 2020, Billy Craig Insurance Brokers and Maritime General Insurance Brokers, MGI, signed an agreement to merge their operations to form BCMG Insurance Brokers Limited. Following the union, the new company has been exploring options to expand the service capability of the brokerage and increase value for clients...
Read more

Headhunting: The art of finding talent in a shrinking labour market

Image
KPMG, PricewaterhouseCoopers (PwC) and BDO -chartered accounting firms and business consultancies - are the main companies to which Jamaican corporates turn for headhunting services. However, there are also sole practitioners who are finding their feet in a climate in which human resource management and talent hunting is in big demand. Also known as an executive search, headhunting differs from traditional recruitment. It is used to hire high level employees such as CEOs. The work of headhunters is getting harder in Jamaica. Wilfred Baghaloo - Partner, Advisory Services - PwC Jamaica comments, “We simply do not have enough qualified persons to provide necessary services to our clients locally and internationally in the financial advisory space. I believe we have reached the point (maybe four years ago) where we need to rethink our working permit immigration plan /approach. “Allowing more immigration and work permits will help us in the financial advisory space and also the country...
Read more