PETALING JAYA: Chatime will be no more by March 6, says its outgoing franchisee Loob Holding. This sets the stage for a bitter rivalry between Chatime and its Taiwanese backer and Loob's new tea chain. Chatime franchiser La Kaffa International Co Ltd terminated its contract with Loob in early January, which was supposed to run until 2041. For now, the 165 Chatime outlets here will still remain as they are until March 6 – when the 45-day cooling-off period agreed upon by both companies ends. Loo personally lodged a police report over the termination saying he was concerned about the loss of jobs over the termination of the franchise.

Source: The Star January 25, 2017 09:00 UTC