Lasco Jamaica

LASCO Affiliated Companies (formerly LASCO Group of Companies) is a Jamaican holding company with operations in food products, financial services and distribution.

History

In 2004, the company started a factory in Plymouth, England to manufacture products for the West Indian community in the United Kingdom that they withdrew within two years.[1]

After lengthy litigation, Chin's ex-wife Audrey, a chartered accountant, was awarded 50% shares in the company. The marriage ended in 1994, but the ruling by the Judicial Committee of the Privy Council was not issued until October 1st 2007.[2]

In 2006, Lasco, which sells imported milk powder in Jamaica, unsuccessfully opposed the Jamaican Government's proposal to create a Dairy Development Board.[3]

Until 2008 they were the Official Distributors for Johnson & Johnson products in Jamaica.[4]

Company's structure

LASCO holds three companies:

LASCO Manufacturing, Limited

LASCO Distributors, Limited

Lasco Financial Service Limited

Pharmaceuticals

Consumer products

Lasco Barbados

References

  1. "Lasco quits UK manufacturing". Jamaica Observer. April 26, 2006. Retrieved 2008-04-22.
  2. Gayle, Barbara (October 25, 2007). "Audrey gets half - Privy Council says shares in Lasco to be divided equally". Jamaica Gleaner. Retrieved 2008-04-22.
  3. Rose, Dionne (March 18, 2006). "Gov't defends position to revive dairy industry". Jamaica Gleaner. Retrieved 2008-04-22.
  4. Richardson, Julian (April 9, 2008). "'07 Business Leader takes over Johnson & Johnson distributorship". Jamaica Observer. Archived from the original on 2008-04-13. Retrieved 2008-04-22.

External links

This article is issued from Wikipedia - version of the 9/6/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.