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GraceKennedy Limited is engaged in food trading, financial services, and retail trading activities. It operates in five segments: Food Trading, Retail and Trading, Banking and Investments, Insurance, and Money Services. The Food Trading segment is involved in the merchandising of general goods and food products; processing and distribution of food products; and operation of a chain of supermarkets. The Retail and Trading segment merchandises agricultural supplies, home improvement supplies, and hardware and lumber. The Banking and Investments segment provides commercial banking, investment management, lease and trade financing, stock brokerage, pension management, property rental, and mutual fund management services. The Insurance segment offers general insurance and insurance brokerage services. The Money Services segment is engaged in the provision of money transfer and bill payment services; and cambio operations. The company has operations in Jamaica and other Caribbean countries, Europe, North America, Africa, and internationally. GraceKennedy Limited was founded in 1922 and is headquartered in Kingston, Jamaica.
In the early 1980s, as an alternate career, David Briggs began evaluating opportunities within the restaurant and bar industries. He quickly noted the dislike most establishments had for frozen drinks. This dislike stemmed from the complicated mixing process that slowed down customer service. Also, while customers wanted frozen drinks, the operators were not marketing them properly. The drinks that were available were of inferior quality, limited selection and premium priced. Based on a vision to revolutionize the way frozen drinks were treated in the market place, David Briggs began an extensive research effort focused on developing a variety of high quality frozen drink products that could be prepared in a consistent manner. Prepared with the development of more than 20 unique frozen drink offerings (primarily alcoholic), Briggs introduced the frozen specialty drink concept in the New Orleans area on January 2, 1983, known as New Orleans Original Daiquiris. This concept focuses on the sale of frozen specialty drinks at locations that provide a casual, conversational atmosphere, are well lighted, clean and appeal to a broad clientele base.
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