Jones the Grocer has concluded legal actions involving the previous shareholders of the company and L Capital Asia, with terms of the settlement undisclosed.
The company is now poised to move forward with a new strategic expansion globally, including “imminent opening plans” in the UAE.
It will also expand through franchise partners in Singapore, Cambodia, South Korea, Hong Kong, China, Japan and Myanmar.
JTG Holdings & Jones the Grocer’s CEO Yunib Siddiqui said: “We are happy to see the continuous growth of the company and appreciate the support of our customers over the years.
“We are committed to working with our partners globally – our franchisees and employees are our true assets and the most important elements of our offering.
“We will continue to bring value to all our stakeholders in the business and take Jones the Grocer brand globally.”
Jones the Grocer’s Middle East master franchisee, JTG Holdings, acquired global brand rights and L Capital Asia assumed a significant minority stake in brand’s Middle East holding company in May 2016.
The company will capitalise on the partnership for development of the Jones the Grocer brand internationally while remaining true to its Australian roots.
L Capital Asia’s chairman and managing partner, Ravi Thakran stated “We are pleased to resolve this matter and look forward to bringing Jones the Grocer into the next growth chapter.
“We have strong faith in our partnership and the management team of Jones the Grocer.
“We are very excited to see business is taking off and we are expanding the brand into new markets, especially North Asia, South East Asia and the Middle East.”
Jones the Grocer is an Australian origin food emporium. Each store features a contemporary café, offering modern Australian cuisine with an international influence.
Established in 1996 with the launch of the flagship Australian store in Woollahra, Sydney, Jones the Grocer today has stores across Australia, New Zealand, Singapore, Thailand, Qatar, Bahrain and the UAE.
