QUOTE(daijoubu @ Nov 7 2017, 04:29 PM)
Not going to argue on his character because I do not know him. Nor am I supporting him, because what I am doing is just giving that guy a balance against what I feel are very emotional but unusable accusations.
When you say 'proper' way to break a master franchise agreement, I faintly recall that Chatime franchisor was the one that went on the offensive by coming to Malaysia to terminate the agreement and tried a takeover? I got it from articles that was written during the time of the hoohaa. Not sure what was Chatimes reasoning, but who was the one that went on the offensive first?
And I have to agree on the ROI portion. But that makes it even more so interesting that people with lots to lose are willing to follow this guy, friends or not.
Everything doesn't add up to what is said against him :confused:
He is a go-getter for sure and a formidable person with a willingness to take short cut and unethical approaches. I.e. using cheaper ingredients when he already had agreement with chatime to use theirs and steal the existing chatime shops to his tealive brand.
I think loo already made the first move by undercutting chatime supplier and not paying his master franchise agreement. That is the first true move. Given his cunning, i bet he already planned to execute this move from the start.
Chatime was never really a franchise. He only allowed close business partners, friends and relatives to invest. The rest, he open himself, with help of his rich father.
Sure, he can survive now that he has a monopoly. Time will only tell whether business close down or expands. Me personally, I think it will eventually close down. I cant see how selling oversaturated bubble tea can operate in so many shops and locations. The high labour cost, shop rental and logistics involved will just kill tealive. How does one maintain their quality and standards? It's just not sustainable.
This post has been edited by the99percent1: Nov 7 2017, 04:56 PM