QWI Investments Limited
QWI Investments Limited (QWI) was incorporated in Jamaica on 13 December 2018 as a private limited liability Company by Jamaican Teas Ltd. (JTL) and KIW International Ltd. On 25 April 2019, the Company was converted to a public limited liability company.
Jamaican Teas Limited – www.jamaicanteas.com
Jamaican Teas Ltd. (JTL) was acquired by the father and son team of Adeeb and John Mahfood in 1995. Since then, the product range has been considerably expanded and the Caribbean Dreams brand was launched offering consumers unique herbal combinations and infusions. Today, Jamaican Teas is the largest producer of teas in the Caribbean with almost one-half of its products exported to 13 Caribbean markets and North America. Teas are also produced through private label arrangements for a number of other local and international companies.
The Company became a public company in 2010 and is listed on the Junior Market of the Jamaica Stock Exchange. JTL continues to diversify its product offerings and is currently undergoing expansion through the addition of other product lines and investments in key growth areas.
KIW International Limited – www.kiwinternational.com
Formerly, Kingston Industrial Works, incorporated in August 1955 to acquire the business operated by Henriques Brothers Limited, KIW is one of the foundation members of the Jamaica Stock Exchange (JSE).
The Company was a major manufacturing and commercial enterprise but suffered declining fortunes in the 1980s and onwards. To its advantage, KIW owned large acreages of land and was able to sell parcels on more than one occasion. The proceeds were initially invested in a mix of equities, money market and unit trusts, and eventually most of the portfolio was transferred to JSE listed shares, which was pivotal to growing assets significantly. The Company now plays a considerable role in QWI Investments Ltd., a subsidiary, formed jointly with Jamaican Teas Limited.
Jamaican Teas Ltd. (JTL)
Manufacturers of Tetley, Caribbean Dreams teas and groceries; this includes packing and processing teas for other local companies as well as products manufactured locally and overseas by third party manufacturers.
QWI Investments Ltd. (QWI)
A 35 percent owned subsidiary managed and controlled by JTL and KIW, owners of an investment portfolio of companies listed on the JSE and several overseas stock exchanges.
KIW International Ltd. (KIW)
A company 50 percent owned by JTL, KIW formerly had an investment portfolio of companies listed on the Jamaica Stock Exchange (JSE) and owns some of the Group’s shares in QWI Investments Ltd. KIW has no other operations at present.
Bay City Foods Ltd. (BCF)
A wholly-owned subsidiary, operators of the Shoppers Delite supermarket in Kingston.
LTJ Managers Ltd (LTJ)
Formerly, JRG Shoppers Delite Enterprise Ltd. (JRG), which owned the Shoppers Delite supermarket LTJ, has no other operations at present.
Mahfood and Sons Ltd (HMS)
Mahfood and Sons (2020) Limited,
which own and develop real estate projects for resale and rental.