The sudden contract termination by Chatime Taiwan did not hinder Bryan Loo, CEO of Loop Holdings Sdn Bhd, from closing his franchise.
According to his newly uploaded video on teaisourlife.com, Loo and his team are working extensively on marketing the new brand.
‘We’re going to brew something new, something exciting. We’re going to work day and night, weekends and holidays so we can come back with a bang,’ he said in the video.
Loo also revealed that he promised to save more than 1000 workers and partners who supported him through thick and thin.
Chatime Malaysia’s contract was recently terminated due to an alleged claim that the ingredients used were not halal certified. Loo denied the allegations and lodged a police report over the termination.
In addition, La Kaffa International Co Ltd claimed that Loop had delayed his payment of royalty fees.
According to Loop Holdings, Malaysia’s Chatime outlets generated more than 50% of global revenue, leaving Malaysia the second biggest market for Chatime.
Originally reported by Free Malaysia Today