Cof­fee Club eyes Mantra

Port Douglas & Mossman Gazette - - BUSINESS -

COULD Cof­fee Club end up own­ing the Mantra Group?

Thai group Mi­nor In­ter­na­tional, which owns restau­rant and cafe chains such as The Cof­fee Club, pur­chased a ma­jor­ity in­ter­est in Mantra’s Aus­tralian ri­val, Oaks Ho­tels and Re­sorts, in 2011.

Mantra, Aus­tralia’s largest re­sort mar­keter that op­er­ates un­der Pep­pers and BreakFree brands, was bought dur­ing the last mar­ket boom for $450 mil­lion by CVC Cap­i­tal and UBS, and was floated for close to $500 mil­lion.

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