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Business Briefs

Published:Tuesday | June 26, 2018 | 12:00 AM


Everything Fresh to acquire company


Food supplier Everything Fresh Limited, the latest company to list on the junior market of the Jamaica Stock Exchange, has announced plans to acquire another company.

However, the details of the acquisition, including the name of the target, were undisclosed but the company's chairman, Gregory Pullen, said at last Friday's listing ceremony that it was a local entity that would allow Everything Fresh to cross over into different business lines.

The company, which was listed under the symbol EFRESH currently imports and distributes fruits, vegetables, dairy and other food products. Its IPO raise $390 million.


A ship for millennials


Royal Caribbean has invested US$120 million in a 15-year-old ship as part of a plan to attract younger travellers with shorter cruises.

A company news release says the Mariner of the Seas arrived at its new home last week in PortMiami. The ship will offer 4-night weekday and 3-night weekend trips from Miami to the Bahamas. Its first voyage left Monday.

Besides restaurants and bars, other new attractions include a virtual reality bungee trampoline, a pair of racer waterslides, a glow-in-the-dark laser tag room, a room escape challenge and a surf simulator.

Royal Caribbean President and CEO Michael Bayley says millennials want more frequent and shorter vacations, and the Mariner of the Seas is expected to meet that demand.

The improvements are part of a US$900 million programme involving 10 ships in four years.