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Tag: Gloria Jean

  • Cafe chain Gloria Jean’s heading to India

    Cafe chain Gloria Jean’s heading to India

    Australian retail coffeehouse Gloria Jean’s is set to launch in India with its first outlet in Bengaluru.

    The franchise is being taken to India by recently-appointed CEO of Jay Jay Capital & Investments Rohit Malhotra. Jay Jay is planning multiple investments in launching brands new to India in the cafes, bars, restaurants, hotels and resorts, fashion, retail and entertainment sectors.

    Jay Jay subsidiary GJC Hospitality is the master franchise holder for Gloria Jean’s Coffees in India.

    The company has not said how many stores it is planning, but the first will act as a test of the concept enabling the company to finetune its offer for the local market.

    Malhotra says the company will be focusing on quality.

    “At Gloria Jean’s, we take our coffee very seriously, so not only does it taste great, but we also make sure we buy from suppliers that look after both their workers and the environment,” said Malhotra.

    “Our coffee beans are sourced from all over the world and from many different farms of all types and sizes – large plantations, co-operative groups and tiny family farms. This means that there is no one size fits all approach to buying responsibly, but we are focused on promoting sustainable farming and a better outcome for all”.

    Originating in the US but now Australian owned, Gloria Jean’s Coffees has about 760 coffee houses in more than 55 countries.

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  • RFG back to square one in asset sale process

    RFG back to square one in asset sale process

    Retail Food Group on Tuesday said sale talks with a potential buyer of its Donut King, Pizza Capers and Crust businesses have ended in disappointment, following months of negotiations.

    The deal fell through after the two parties failed to reach a formal binding agreement on terms that the board considered to be in the best interests of the company as a whole, RFG said in a statement.

    “Our Donut King and QSR brands [Pizza Capers and Crust] continue to provide solid earnings contributing to the company’s underlying profit,” Peter George, executive chairman of RFG, said.

    “The potential sale of any of these assets must be at a price not only acceptable to our board but in the best interests of our shareholders.”

    The franchisor, which operates Gloria Jean’s Coffees, Brumby’s Bakeries, Donut King, Michel’s Patisserie, Di Bella Coffee, The Coffee Guy, Café2U, Pizza Capers and Crust, had been pursuing an asset sale to help pay down its net debt of roughly $258.9 million, after restructuring costs and write-downs wiped out its declining profit in the first half of FY19.

    An RFG spokesperson said the failure to sell its Donut King and QSR brands will not impact the company’s recent agreement with NAB and Westpac to reset its financial covenants and waive a review of the business.

    The company continues to work closely with its lenders and maintains their support, the spokesperson said.

    The RFG board is investigating a range of other options to pay down its debt, including equity, other debt funding options and potential asset sales, and will update the market of any definitive option being reached.

    In response to a report that the Australian Securities and Investments Commission is “keeping an eye” on the franchisor, particularly around big announcements, the RFG board said it has not been made aware of any current investigations.

    A spokesperson for ASIC told that “ASIC supervises the market, so we monitor all share trading”.

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  • Gloria Jean’s Coffee leaves Vietnam

    Gloria Jean’s Coffee leaves Vietnam

    Australia’s Gloria Jean’s Coffee Vietnam has closed its last coffee shop in Ho Chi Minh City, in the Phu My Hung urban area of District 7, after ten years in Vietnam. It arrived in Vietnam in 2007 under a franchise license secured by the VietLifestyle JSC.

    The ten-year deal saw the master franchisee launch coffee shops in Ho Chi Minh City and Hanoi, each involving investment of $200,000.

    VietLifestyle had aimed to open a further 20 locations over the next two years, offering espresso-based, chocolate-based, and cocoa-based drinks to young people, expats, and foreign tourists familiar with the brand.

    The master franchisee was to achieve this in part through sub-franchising the concept and providing operational, marketing, management, and business development support.

    A slowdown hit a few years ago, however, when its prime corner location on Dong Khoi Street in Ho Chi Minh City closed, partly because of high rents.

    Other locations then began to disappear. By the end of last year, only two stores remained: one on Cong Truong Quoc Te in District 1 and the Phu My Hung outlet in District 7.

    Gloria Jean’s was founded in Australia in 1996 with the ambition of being the most loved and respected coffee company worldwide.

    The chain currently has more than 900 outlets in 39 markets worldwide, including more than 400 in Australia.

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  • Gloria Jean’s eyes Myanmar

    Gloria Jean’s eyes Myanmar

    Gloria Jean’s plans to expand its franchise in Myanmar through more branches across cities

    Gloria Jean’s franchise is operated by local company Seezar Soesan, which has business interests in areas including IT, trading, construction, agriculture, consultancy and media services.

    The coffee franchise has already opened its two branches in Yangon, one in Myanmar Plaza in January and another in Yangon’s new international airport terminal in early March.

    U Kyaw Htin Latt, Seezar Soesan’s chief operating officer said the company plans to continue to be the sole operator for the next two years but may allow other interested firms to open branches, as quoted by local media.

    Other coffee branches that Myanmar has got hold include Espressonite Myanmar, Nervin and Ya Kun

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