JTG Holdings buys Jones the Grocer global rights
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JTG Holdings, the master franchisee for Jones the Grocer in the Middle East and North Africa, has bought the global rights to the brand.
In a separate transaction LVMH investment arm, L Capital Asia has taken a minority stake in JTG Holdings with the aim of backing the brand in its international expansion.
Another subsidiary of L Capital Asia has taken master franchise rights for the brand in various markets in north Asia, Southeast Asia, Australia and New Zealand.
While its base in the UAE will give JTG Holdings a global footprint, it aims to stay true to its Australian roots and is committed to supporting franchisees as true partners.
Jones the Grocer is a cafe and retail outlet specialising in hand-selected specialty products, its flagships featuring a signature walk-in cheese room, charcuterie and deli. Established in 1996 with the launch of its flagship Australian store in Woollahra, Sydney, Jones the Grocer has now has 19 stores across Australia, New Zealand, Singapore, Thailand, Qatar, Bahrain and the UAE.
Questions & Answers
Q.What is the new ownership structure for Jones the Grocer?
What is the new ownership structure for Jones the Grocer?
JTG Holdings, already the Middle East and North Africa master franchisee, has acquired the global rights to the brand. L Capital Asia, an LVMH investment arm, has also taken a minority stake in JTG Holdings.
Q.Which regions will L Capital Asia primarily focus on for Jones the Grocer's expansion?
Which regions will L Capital Asia primarily focus on for Jones the Grocer's expansion?
A subsidiary of L Capital Asia has secured the master franchise rights for several markets. These include north Asia, Southeast Asia, Australia, and New Zealand, indicating a clear regional focus for their involvement.
Q.Where did Jones the Grocer originate, and how many stores does it currently operate globally?
Where did Jones the Grocer originate, and how many stores does it currently operate globally?
Jones the Grocer was established in 1996 with its first store in Woollahra, Sydney, Australia. The brand now has a total of 19 stores across various countries including Australia, New Zealand, and the UAE.
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