TITLE

Marred by heavy losses, Landmark Group may snap franchisee agreement with Gloria Jean's coffees

PUB. DATE
February 2014
SOURCE
FRPT- FMCG Snapshot;2/23/2014, p33
SOURCE TYPE
Industry Profile
DOC. TYPE
Industry Report
ABSTRACT
The article reports on multinational conglomerate Landmark Group's possible termination of its franchisee agreement with Gloria Jean's Coffee due to heavy losses resulting from high rentals and competition. Topics discussed include Gloria Jean's outlets in India operated by the Landmark hospitality unit Citymax, the outlets' annual revenue, and Landmark's plan to cut its losses. A Landmark spokesperson's remarks on the relationship between the two companies is also mentioned.
ACCESSION #
95879609

 

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