A year after ‘comeback’, the company says it has recorded impressive growth and is looking to invest overseas.
Both agree to withdraw all court and arbitral proceedings in Malaysia and Singapore.
The Federal Court ruled that there were special circumstances to allow Loob Holding's application.
Barjoyai Bardai says although the company has to abide by court ruling to stop operations, investors following the saga may understand its defiance due to impact on employees.
Loob Holding failed to get a stay order against a court decision prohibiting its outlets being operated similar to Chatime.
Mahkamah Rayuan berkata pemilik Tealive melanggar kontrak dan kewajiban statutori dan memperluaskan perniagaan dan ini kes salah laku yang disebabkan oleh diri sendiri.
It says the decision to allow affected outlets to return and re-operate under Chatime was made due to overwhelming requests.
Tealive operator Loob Holding Sdn Bhd says it has instructed its lawyers to seek leave to appeal over a court decision stopping them from running a business similar to its former franchise owner, La Kaffa International Co Ltd.
This follows the Court of Appeal’s injunction order against the bubble milk tea operator from carrying out a similar business as Chatime.
It will also file a stay application to maintain present status quo until final settlement of entire legal process.
The Appeals Court grants an injunction against the company from running a similar business as Chatime.
Chatime Malaysia group MD Aliza Ali says legal letter was issued yesterday to the former Chatime master franchisee.
This means Loob Holdings Sdn Bhd can continue its Tealive business throughout its 161 stores.
Will Group takes over the bubble milk tea franchise from Loob Holding.
The injunction sought by La Kaffa International Co Ltd will be heard on May 29 at the Kuala Lumpur High Court.
Former Chatime master franchisee Loob Holdings' numbers contradict that of Taiwanese owner who claims that almost 50 out of 165 outlets will remain with them.
Allegation by Taiwan company draws immediate denial by CEO of former master franchisee Loob Holdings, who says they have been certified by Jakim for past 6 years.
La Kaffa International confident of holding on to almost a third of the current 165 Chatime outlet franchise operators, to continue growing its brand here.
Malaysian master franchisee says dispute with Taiwanese franchisor La Kaffa will be settled in Singapore International Arbitration Centre.
Loob Holdings CEO Bryan Loo says his team will work hard to popularise its new brand.
La Kaffa of Taiwan explains why it decided to terminate the contract with Loob Holdings, the master franchisee for Malaysia,
Taiwan's La Kaffa also alleges Loob Holdings Bhd failed to pay royalties on time.