Global Yellow Pages to acquire Gloria Jean's Coffee for $39.9m
Another foray into F&B business.
According to OSK, Global Yellow Pages is going for another slice of food and beverage business through a buyout of Australia's Gloria Jean's Coffee from Tea & Coffee Traders Pty Ltd which acts as a trustee for the Saleh Family Trust.
This buyout of SGD39.9m will give GYP access to Gloria Jean's Coffee and "it's A Grind" intellectual property, the global supply chain operations and the master franchisor business for all Gloria Jean's Coffee worldwide.