find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (1-3 PAE)
Category: Insurance and Superannuation Law | Location: Sydney NSW 2000
· Join a dynamic Firm · Excellent career growth opportunity
View details
In-house lawyer 1-4 PAE
Category: Generalists - In House | Location: Adelaide SA 5000
· Leading Brand · Report to a Dynamic Legal Counsel
View details
Donut King to enter the Chinese market

Donut King to enter the Chinese market

Leading Australian retailer Donut King will take on the lucrative Chinese marketplace after the chain’s owner, Retail Food Group (RFG), entered into a master licence agreement with…

Leading Australian retailer Donut King will take on the lucrative Chinese marketplace after the chain’s owner, Retail Food Group (RFG), entered into a master licence agreement with Shanghai-based Mak Brands Ltd.

A partner at McCullough Robertson, David Downie, who penned the master licence agreement for RFG, said the transaction would see an iconic Australian brand establish itself within the international marketplace.

“The master licence agreement grants exclusive rights to Mak Brands to establish and expand the Donut King chain throughout Mainland China and will generate revenue in the form of an initial licence fee and ongoing royalties,” Downie said.

“As part of the agreement there is a minimum requirement to establish 140 outlets in Mainland China within the first 20 years, which highlights the growing attraction of Western brands to the retail market in Mainland China.

“Drafting the agreement was complex due to various factors including the fact the licensee will be carrying on business in China,” he said.

Downie said the intellectual property team drew on its past dealings with the buoyant Chinese market to establish the agreement.

“We have significant experience in transactions involving Chinese partners and so were well placed to work on this transaction and see it through to its successful completion.”

Donut King began in Australia in 1981 and currently has over 300 stores throughout Australia. RFG is also the franchisor behind bb’s cafe, Brumby’s Bakeries and Michel’s Patisserie.

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Donut King to enter the Chinese market
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Unite
Aug 22 2017
Professionals unite in support of marriage equality
The presidents of representative bodies for solicitors, barristers and doctors in NSW have come toge...
Aug 21 2017
Is your firm on the right track for gig economy gains?
Promoted by Crowd & Co. The way we do business, where we work, how we engage with workers, ev...
Scales of Justice, Victorian County Court, retiring judges
Aug 21 2017
Replacements named for retired Vic judges
Two new judicial officers have been appointed in the Victorian County Court, following the retire...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...