The Federal Court has granted Loob Holding’s application for a stay of the Court of Appeal order dated 27th June 2018. As such, all Tealive stores will remain in business as usual.
This comes after the company filed for leave to appeal to the Federal Court against the Court of Appeal’s decision last month. Bryan Loo, CEO of Loob Holding, thanked everyone for their continued trust and support. “Our lawyers will continue to handle the ongoing court matter until final resolution,” he added.
It also recently shut down rumours that Tealive is closing its outlets effective immediately through a Facebook post, which stated that Tealive “will maintain status quo pending further direction from the courts”. Earlier this month, the Court of Appeal granted an injunction filed by La Kaffa International, the owner of Chatime, against its former franchise holder Loob Holding from running a similar business. This was based on “breach of post-franchise terms and the return of its properties” and Tealive is to cease operations.
Loob Holding gave up hold over the Chatime franchise last year due to disputes over business and operational matters with La Kaffa International. Following the move, it launched Tealive under 161 of its outlets and has since then expanded into Australia, Vietnam, India and China.
Loo told A+M in a previous interview that it is committed to expanding into six more countries in 2019 and have 1,000 stores in the region by 2020, mainly through its direct and franchise model. It is currently working with Melbourne-based independent agency The Sphere Agency as its global strategic partner.