K.L.E. Group Pushing Famous Nightclub As Main Corporate Area Dancehall Hub. Blames Economy For Losses

For their third quarter results, the K.L.E. Group is reporting that during the July to September 2013 period their sales grew by 24% to J$102.3 million from J$82.8 million a year ago. However they continued to make losses. For the 3 months just ended they are reporting a J$12.4 million loss, even larger than the J$1.5 million loss previously reported in 2012. Their excuse? The economy. They have sighted as major reasons ‘price increases at both the margin and operating level without the ability to pass these to customers due to increased competition and the economic downturn’.

Kingston Live Entertainment Group

Pushing Famous Nightclub As The Primary Dancehall Centre In Kingston And Portmore

For the period ahead, they plan to focus on reviewing their costs, supplier arrangements, and increasing the marketing push for their Famous nightclub. They highlight that they have formed alliances with The Star and FAME both of which they are expecting to have a major impact on the branding of the Famous nightclub as ‘the primary dancehall centre in Kingston and Portmore’.

They are also actively engaged in rolling out their franchising plans both overseas and across the island for their Tracks and Records restaurants.