Our client, an ASX50 company, wanted to buy back hundreds of franchises and bring these franchised sites into a company-operated structure as part of a revamp of its retail strategy. By taking over control of these outlets from franchisees, our client’s aim was to accelerate sales and profits by unifying all its retail businesses under standardised systems, improving supply arrangements and promoting a consistent retail experience. Purchasing these franchises would also increase our client’s capacity to introduce and test the viability of new retail concepts.
To help bring hundreds of franchises under their company banner, our client looked to LegalVision to manage the legal process of varying a high volume of existing contracts, and negotiating with franchise owners to enter into new contracts.