December 30, 2014: The Australian coffee brand Gloria Jean's Coffees, is all set to re-enter the Indian market after ending the six-year old arrangement with Citymax, the hospitality division of the Dubai-based retail giant, Landmark Group. The company is now planning to signing an agreement that will mark its second attempt in establishing a foothold in the Indian coffee retail market.
It may be noted here that the Indian coffee market is estimated worth Rs 1,700 crore with an annual growth rate of 20 per cent. It has been reported that the company remains committed to the Indian market and it is looking at giving the master franchise to Mr Nathan Andrews, the former CEO of Lavasa Corp. Mr Andrews quit Lavasa in November 2014 and has been busy putting together a business plan while simultaneously establishing a new entity to take up the India master frnachise for Gloria Jean's Coffees.
It has been reported that if everything goes as per plans, the company will be back in the market around April-May 2015.While the company is expected to continue with the Master Franchise model in its second stint as well but it plans to pick up a minority stake in the new company in order to have a better control on business.