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Tag Archives: victim

Saleh’s sale…

22 Saturday Nov 2014

Posted by Nailed Truth in Associations

≈ 3 Comments

Tags

AHA, Brian Houston, elder, Frank Houston, Gloria Jeans, Hillsong, houston, Jireh International, Nabi Saleh, Royal Commission, Saleh, victim, Western Export Services

SmartCompany reports,

Nabi Saleh’s $163 million pay day for Gloria Jeans: What it means for franchisees

Retail Food Group, the franchising conglomerate behind Donut King, Brumby’s and Michel’s Patisserie, has paid $163.5 million for Aussie-based international coffee chain Gloria Jean’s.

The move will consolidate RFG’s presence in the growing Australian coffee market, having splurged on acquiring mobile coffee chain Cafe2U in August and scooping up The Coffee Guy Group in 2012.

RFG will acquire the global Gloria Jean’s business – a whopping 800 franchised outlets across 40 countries – all intellectual property assets, operational management of the Australian and USA regions, wholesale coffee roasting operations in Australia and the USA, and all associated plant and equipment.

The $163.5 million deal will be payable to Gloria Jean’s executive chairman Nabi Saleh’s private company, with $153.5 million paid out in cash and another $10 million in RFG shares.

Saleh, who is also an elder of the Hillsong Church, has committed to remain with the business for a minimum period of two years after completion of the sale.

Australia’s largest multi-brand retail food franchisor also has a share of the coffee market with Michel’s Patisserie, Esquires Coffee houses and BB’s cafes.

A recent IBISWorld report reveals the move will give RFG a growing hold on the fragmented Australian cafe market, largely made up of smaller, independent players.

The report shows Gloria Jean’s currently holds a 3% share of the coffee shop market in Australia, while Michel’s Patisserie also had 3%. The only chain to hold any larger slice of the sector was the Coffee Club, at 4%.

The $4.3 billion-dollar coffee industry is expected to grow by an annualised 3.2% over the next five years.

“Gloria Jean’s Coffees genuinely transforms RFG into a global franchising powerhouse,” said RFG chief executive Tony Alford.

Meanwhile, the acquisition follows confirmation last week director of franchise Gary Alford was forced to write to its Michel’s Patisserie franchisees to address anonymous complaints about rising costs over the rebranding of the chain.

SmartCompany understands at least two Michel’s Patisserie stores are operating at a loss and such added costs are creating financial hardship for a number of franchisees.

Despite the recent complaints, Franchise Advisory Centre principal Jason Gehrke toldSmartCompany Gloria Jean’s franchisees are likely to benefit from the takeover.

“In the short term, it will likely mean business as usual for the franchise,” says Gehrke.

“But in the long term, it could mean [franchises] can tap into the improved supply chain by being part of a larger network and it may have an impact on their cost of goods.”

Gehrke says the takeover could even have positive flow-on effect for the rest of the group.

He says some franchisees may be understandably nervous about the change of management.

“Franchising is about change but the most fundamental change is that of ownership and leadership,” he says.

“Franchisees can feel very unsettled. Any new owners would obviously move quickly to reassure franchisees across the network they have acquired that it’s business as usual and that any changes will be done so in consultation.”

However, franchise consultant Howard Bellin told SmartCompany he questions the benefits for both RFG and Gloria Jean’s franchisees, saying the chain appears to be struggling, given the presentation and upkeep of many stores.

“You’ll often see a light fitting blown [in a Gloria Jeans]… You would never see that in a McDonalds,” says Bellin.

“It’s not as if they took over a thriving chain, they took over a failing chain in my opinion.”

Source: Kirsten Robb, Nabi Saleh’s $163 million pay day for Gloria Jeans: What it means for franchisees, Smart Company, http://www.smartcompany.com.au/growth/44343-nabi-saleh-s-163-million-pay-day-for-gloria-jeans-what-it-means-for-franchisees.html, Published 27/10/2014 0:28. (Accessed 22/11/2014.)

The Australian reports,

Retail Food Group buys Gloria Jean’s for $163.5m

RETAIL Food Group, the company behind Michel’s Patisserie and Donut King, has bought Gloria Jean’s Group for $163.5 million and is seeking to raise $40m to help fund the purchase.

The global coffee chain had long been a target for Retail Food Group, and adds to its current coffee businesses, Cafe2U and The Coffee Guy.

Gloria Jean’s has 358 stores in Australia, 87 in the United States and franchises in 40 other countries.

Retail Food Group (RFG) will pay $153.5 million in cash plus $10 million in its own shares, plus up to a further $16.4 million depending on the company’s performance.

The acquisition is expected to deliver $13m of synergies over three years.

Retail Food Group is raising $40m towards the purchase via a placement through the issue of 8.3m shares at $4.80 each.

In addition, a share purchase plan for up to $15m will be considered and $10m of vendor equity would be used to fund the acquisition.

The raising is at a 0.8 per cent discount to its last closing price.

The executive chairman of Gloria Jean’s, Nabi Saleh, has promised to stay with the business for at least another two years, along with his senior management team.

He said Retail Food Group’s reputation as a food and beverage operator and expertise in building franchise businesses made them ideal to lead the continued expansion of Gloria Jean’s.

Gloria Jean’s was established in Chicago in 1979 by Gloria Jean Kvetko, and under the ownership of Mr Saleh expanded to Australia in 1996.

Retail Food Group is buying the intellectual property rights to the Gloria Jean’s and It’s a Grind brands, and will be the operational manager of the business in Australia and the US.

It will also take ownership of its wholesale coffee roasting operations in Australia and the US, and will be the franchisor of the business in 40 countries.

The purchase of Gloria Jeans is expected to be settled by December.

On the back of the Gloria Jean’s acquisition, Retail Food Group has upgraded its guidance to a 36 per cent lift in net profit for the 2015 financial year compared to a 15 to 20 per cent increase previously.

The business, based in Southport, Queensland, is also the franchisor and owner of Brumby’s Bakeries, bb’s Cafe, Pizza Capers, Crust and Big Dads Pies brands.

RFG shares were trading up 2c to $4.86 in early afternoon trade.

Source: By Bridget Carter, Retail Food Group buys Gloria Jean’s for $163.5m, The Australian, http://www.theaustralian.com.au/business/dataroom/retail-food-group-buys-gloria-jeans-for-1635m/story-fnjw8txa-1227101015441, Published 24/10/2014 3:15PM. (Accessed 22/11/2014.)

Exclusive – Brian Houston: “I got attacked by a protester”

11 Saturday Oct 2014

Posted by Nailed Truth in Uncategorized

≈ 31 Comments

Tags

Brian Houston, compensation, hearing, Hillsong, Hillsong Church, houston, paedophile, pedophile, protester, Royal Commission, victim

Emotions were raw yesterday in the Royal Comission when Brian Houston recounted his father’s confession as a serial pedophile.

Brian Houston HearingIn a 2GB interview yesterday after the hearing, Brian Houston said the following:

“And even today as I was walking out of the commission, I got attacked by a protester who was attacking me because somehow it was my fault.” [5:50]

Yesterday afternoon we received information from Brian Houston’s “attacker” who attended the hearing. The woman was a victim of institutional child abuse.

She states,

“I just went up quietly to Houston and said, ‘You’re a very wealthy man. You probably drive an expensive car. You live in a mansion. You’re the leader of a wealthy organisation, church. And your church offers the victim only a measly ten thousand dollars for being assaulted as a seven year old? You’ve never gone back and offered the victims any more?'”

Another person present at the hearing who contacted us said they could hear Brian Houston screaming within the vicinity.

Houston’s female “attacker” explained what happened next,

“He screamed out, ‘That was my father who was the pedophile! I’m not the pedophile!’

And then he started screaming at me… ‘I’m not a pedophile!’ And then I knew he was illogical, so I walked away. I said what I had to say. But Brian Houston storms up to me and started screaming at me, ‘I’m not a pedophile! I don’t like pedophiles!’

I was very annoyed that he evaded my real question by not disclosing anything about the victims measly compensation and whether he was going to properly and correctly compensate the victims of his father’s abuse. “

The woman did confess as she walked away that she labeled Brian the “head” of the male appendage. As she was sitting down she noticed Brian was approaching her.

“He then got right in my face. I thought Brian was going to bash me and I stood there. Stood my ground. And I was ready to take the blow. I’ve dealt with the heads of churches and religious organisations before when confronted with child abuse. I’m immune to the leader’s out of control behaviour.

The security at the Royal Commission had to drag him away from me. They had to scream at him and tell him to get away from me, words to the effect of “Brian! Brian! Stop it Brian!” As they were dragging him away he was fighting them to come back at me.

Frustrated with him, I gave him the bird.”

When asked what the woman wanted to achieve with her dialogue with Brian Houston she stated,

“I want those victims properly compensated. I know Jesus said that false teachers come to steal, kill and destroy. If Brian Houston or the leaders of Hillsong are listening, prove to your God, His Church and the victims involved, your level of faith: properly compensate for the victims.”

NOTE: Time of correspondence – 10/10/2014-09/10/2014.

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