GYP acquires Gloria Jean’s Coffees
Find out where GJC will focus their expansion.
Gloria Jean’s Coffees announced a proposed acquisition by Singapore headquartered and SGX Listed Global Yellow Pages Limited.
The acquisition will see to the brand’s continued global expansion, centering on growth in Asia, particularly China.
“The partnership is committed to the continued success of the local Australian business in addition to expanding further into Asia, including China. GYP shares Gloria Jean’s Coffees vision for the brand and its potential for further growth as a values-oriented socially responsible business delivering excellence in coffee and café culture.
“The business will benefit from a bigger global group structure whilst still having a firm focus on supporting local, Australian entrepreneurial Franchise Partners. We see this partnership as the best of both worlds, combining international capital, expertise and resources with Australian entrepreneurialism,” said Mah Bow Tan, GYP Non-Executive Chairman.
Executive Chairman of Gloria Jean’s Coffees, Nabi Saleh, will maintain a significant role in the brand’s Australian operations, taking on the position of non-Executive Chairman of the newly formed GYP-owned holding company for the business.
“We have been looking for some time for the right partner who shares our guiding values, our dedication to excellence and our vision for the future. As a result of months of discovery and ongoing consultation, we are confident that in GYP we have found the right partner to take the business to the next level,” added Saleh.
