ASX-listed franchisor Allied Brands has entered into a ten year Licence Agreement to launch the Cookie Man brand in Cyprus with a local operator. The license agreement will help underpin their forecast for FY10 of NPBT (net profit before tax) of $6.6 - $7.2m as outlined at the AGM on November 30, the company said. It will see Allied Brand’s receive an up-front License Fee and on-going supply of products (cookies, coffee and giftware) and ovens for the Cyprus market. Allied Brands CEO Shane... ...Read more »

Food franchisor and retailer Allied Brands has informed shareholders that its net profit will jump more than 20 per cent this year as the international expansion of its Cookie Man brand gathers pace. Speaking at yesterday’s AGM, Allied Brands CEO Shane Radbone forecast the company would record net profit before tax of between $6.6 million and $7.2 million for 2009/10. The forecast is 20 per cent to 33 per cent higher than the company’s 2008/09 result. Allied Brands, an ASX-listed franchisor... ...Read more »