Tous Les Jours Franchise Owners Angry... Injunction Filed to Prohibit CJ Foodville Stock Sale

[Asia Economy Reporter Lee Seon-ae] Franchise owners of Tous Les Jours, the bakery franchise under CJ Foodville, have recently voiced opposition to the rumors of CJ Foodville's sale.

The Tous Les Jours franchise owners' council announced on the 3rd that they oppose CJ Group's sale of Tous Les Jours and have filed an injunction to prohibit the sale with the Seoul Central District Court. The council explained the background of the injunction application, stating, "Although CJ Group has not officially acknowledged it, the sale of Tous Les Jours by CJ Group has become a fait accompli throughout the industry."

The council raised their concerns, saying, "We are deeply worried about CJ Group's intention to shift the management responsibility for losses incurred from global business expansion onto domestic franchise owners and then proceed with the sale," and emphasized, "The franchisor and franchisees are equal contractual partners, not in a dominant-subordinate relationship."

They warned, "If the unilateral sale ignoring franchise owners continues, we will launch a full-scale struggle," and added, "We are also considering contract termination and claims for damages against the headquarters."

Previously, there were several rumors about the sale of Tous Les Jours, but CJ Group consistently denied them.

However, last month, the sale rumors resurfaced after it was revealed that CJ Group had selected a sales advisory firm.

On August 14, CJ announced in a related disclosure, "We are reviewing various strategic options to strengthen CJ Foodville's competitiveness and enhance business value."

This content was produced with the assistance of AI translation services.