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Derrimon pumping over $500 million in May Pen supermarket

Loop News
- Updated
Derrimon Trading s Chairman and CEO Derrick Cotterell said May Pen residents desire a comfortable and convenient shopping experience.
Derrimon Trading has begun construction of a new supermarket at the Millennium Mall in May Pen, Clarendon.
Chairman and CEO Derrick Cotterell said the company is investing over $500 million in the supermarket, which will operate under the Select Grocers brand.
The development is expected to be completed by year-end (fourth quarter 2020), Cotterell told
Loop News, adding that May Pen residents desire a comfortable shopping experience.
The food distributor Derrimon Trading Limited is also reporting a 62 per cent increase in net profits for the three months ended March 31, 2021, up from the $61.79 million earned in the corresponding quarter of 2020. ....

Saint Mary , Derrick Cotterell , Foodsaver New York Inc , Derrimon Trading , Millennium Mall , May Pen , Select Grocers , Loop News , Derrimon Trading Limited , New York Based , Foodsaver New York , Good Food For Less , Good Food , Jamaican Dollar , துறவி மேரி , மில்லினியம் மால் , இருக்கலாம் பேனா , தேர்ந்தெடுக்கவும் மளிகைக்கடைக்காரர்கள் , வளைய செய்தி , புதியது யார்க் அடிப்படையிலானது , நல்ல உணவு க்கு குறைவாக , நல்ல உணவு , ஜமைக்கா டாலர் ,

Derrimon profits spike on acquisition of New York businesses

Following its highly successful additional public offering (APO) in Jan. ....

Curatoe Hill , Derrick Cotterell , Derrimon Group , Derrimon Trading Company Limited , New York Based Foodsavers , Good Food For Less , Select Grocers , Local Business , நல்ல உணவு க்கு குறைவாக , தேர்ந்தெடுக்கவும் மளிகைக்கடைக்காரர்கள் , உள்ளூர் வணிக ,

Derrimon completes New York deals for US$8.9 million

Derrimon Trading chairman and CEO Derrick Cotterell.
Derrimon Trading Company Limited (DTL) has completed the transaction to acquire control of two New York-based food companies for US$8.9 million.
The company, in a notice via the Jamaica Stock Exchange (JSE) said it completed the transaction as a going concern on the terms set out in its announcement on January 8, 2021.
Derrimon has also advised that as of March 5, 2021, it redeemed all of its nine per cent cumulative redeemable preference shares due in 2021. To this end, it has applied to have the preference shares delisted from the JSE.
In January 2021, Derrimon Trading entered into the definitive agreement to acquire control of the Brooklyn-based operations of FoodSaver New York, Inc. (FoodSaver NY), a wholesale food distributor and Good Food For Less, LLC (Good Food NY), a speciality supermarket. ....

New York , United States , Brooklyn Terminal Market , Fragrances Limited , Foodsaver New York Inc , Derrimon Trading Company Limited , Woodcats International , Jamaica Stock Exchange , New York Based , Derrimon Trading , Foodsaver New York , Good Food For Less , Good Food , Saver New York , Sampars Cash , Select Grocers , Manor Park , Caribbean Flavours , Woodcats International Limited , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , ப்ரூக்ளின் முனையத்தில் சந்தை , வாசனை திரவியங்கள் வரையறுக்கப்பட்டவை , ஜமைக்கா ஸ்டாக் பரிமாற்றம் , புதியது யார்க் அடிப்படையிலானது , நல்ல உணவு க்கு குறைவாக ,

Barita acquires 20% stake in Derrimon Trading

General Manager of Barita Investments Paula Barclay.
Barita Investments Limited now owns 20 per cent of the issued and outstanding common shares of Derrimon Trading Limited (DTL).
The minority stake acquisition sees Derrimon becoming an associate company of Barita Investments Limited, Barita advised in a notice via the Jamaica Stock Exchange on Friday.
Derrimon is the owner and operator of the Sampars and Select Grocers supermarkets, among other holdings in the local and US markets.
“At Barita, we continuously seek out unique strategic opportunities to build shareholder value while balancing the interests of our clients, team members, and other key stakeholders, said Paula Barclay, General Manager of Barita Investments. ....

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