Restaurant and entertainment company KLE Group has offloaded its core restaurant business that consisted of the Usain Bolt Tracks and Records (UBTR) eatery, sports bar and entertainment spot, to associated company FranJam, in a deal that frees the company’s balance sheet of the drag of the loss-making UBTR, while allowing KLE to focus on its real estate business that it considers more lucrative

https://www.jamstockex.com/k-l-e-group-limited-kle-disclosure/

https://jamaica-gleaner.com/article/business/20220330/kle-offloads-usain-bolt-restaurants-stem-losses-focus-real-estate

https://www.jamaicaobserver.com/business-observer/kle-finalises-restructuring-shifts-focus-to- property-business_247382