02 Sep '12, 8pm

Jones the Grocer's global ambitions catch Louis Vuitton's attention [free] #food #ausbiz

Jones the Grocer's global ambitions catch Louis Vuitton's attention [free] #food #ausbiz

“We are now starting to deal with very large players who are interested in our brand and we need to make sure we have enough scale and resources,” Jones the Grocer director John Manos says. Photo: Luis Ascui Australia has one of the most concentrated supermarket duopolies in the world. About 80¢ of every dollar spent in supermarkets in goes either to Coles or Woolworths. So what does a small Australian supermarket franchise do to respond? For Jones the Grocer the answer has been to go global. First in Singapore, then the Middle East, then elsewhere in the Asian region. So successful has the overseas foray been, the company has become the target of investment from a global luxury brand, Louis Vuitton. In Australia, it was a slow start. The director of Jones the Grocer, John Manos, says the company was acquired in December 2005 as a Woollahra-based business that had a small ...

Full article: http://www.brw.com.au/p/sections/features/jones_the_groce...

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