The company behind Doughnut King and Michel’s Patisserie is set to buy coffee chain Gloria Jean's for $163.5 million from Hillsong board member. Retail Food Group will buy the global franchising and coffee roasting business from Gloria Jean’s executive chairman Nabi Saleh’s private company. The store  opened its first Australian outlet in 1996 in Miranda, southern Sydney, when Saleh and Peter Irvine brought Gloria Jean's to Australia. Retail Food Group is buying the coffee chain from the man who brought the franchise to Australia Saleh, who is also the Hillsong church board member, has committed to remain with the business for a minimum of two years, along with his senior management team.
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Takeaway and cafe giant is buying the coffee chain from the man who brought the franchise to Australia
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Retail Food Group also owns Donut King, Michel's Patisserie, Brumby's Bakery, Esquires Coffee, Crust Gourmet Pizza Bar and Pizza Capers
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Its purchase of Gloria Jean's is expected to be settled by December
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