Craveable Brands
OVERALL |
|
Owned |
HKG |
Rating |
N/A |
Holding company
Formerly Quick Service Restaurant Holdings, the company changed its name to Craveable Brands in 2017. Owner of 4 chicken fast food chains: Red Rooster, Oporto, Chicken Treat (WA only) and Chargrill Charlie. Acquired by PAG in 2019. Operates more than 570 restaurants across Australia, with about 80% being franchised.
Company Ownership
Craveable Brands | AUS | website | ||||
PAG
owns 100% of Craveable Brands |
HKG | website | ||||
Investment firm Founded as Pacific Alliance Group in 2002. Investment partner operating in Asia with US$50 billion of assets under management. Australian investments include Craveable Brands (Red Rooster and Oporto), Patties Foods, Vesco Foods, Cordina Farms, Australian Venue Co and Rex. |
Company Assessment
PRAISE | CRITICISM | INFORMATION | ||
Craveable Brands | ||||
The PalmOil Scan app, produced by the World Association of Zoos and Aquariums (WAZA), rates companies on their commitment to sourcing sustainable palm oil. Companies are scored on their use of certified sustainable palm oil (CSPO), commitment to sourcing CSPO, on-the-ground conservation action, and membership to the RSPO. Companies can earn a rating of Excellent, Good, Poor or No Commitment. This company is rated "No Commitment" (retrieved 18 Nov 2023).
Source: WAZA (2023)
Human Rights Law Centre's 2022 report, "Broken Promises: Two years of corporate reporting under Australia's Modern Slavery Act", examines statements submitted to the Government's Modern Slavery Register by 92 companies sourcing from four sectors with known risks of modern slavery: garments from China, rubber gloves from Malaysia, seafood from Thailand and fresh produce from Australia. Modern slavery statements are analysed to see if they comply with the mandatory reporting requirements, identify or disclose obvious modern slavery risks, and demonstrate effective actions to address risks. This company's modern slavery disclosure statement received a rating in the 11-20% range. The average score was 44% and the highest score was 89%.
Source: Human Rights Law Centre (2022) |
Source: news article (2018)
This company is a founding member of the Quick Service Restaurant (QSR) Forum, which was established in August 2010 as a formal partnership between the Australian Food and Grocery Council (AFGC) and the QSR industry. Goals and outcomes of the forum include the introduction of kilojoule information on menus, reducing the salt and saturated fat content of menu items, and offering healthier options.
Source: AFGC (2017)
This company is a signatory to the Quick Service Restaurant Initiative for Responsible Advertising and Marketing to Children (QSRI), which is managed by the Australian Food & Grocery Council and covers food sold in quick service restaurants. Companies that have signed up to the initiative commit to: only advertising healthier choices to children and encouraging a healthy lifestyle through good diet and physical activity; not paying for or seeking product placement television programs, editorial content or interactive games aimed at children, unless the product is a healthier choice; not advertising and marketing to children in Australian schools unless they are asked to by those schools.
Source: AANA (2023) |
|||
PAG | ||||
This company is part owned and backed by Blackstone, which has an overall Shop Ethical rating of 'F'.
Source: Shop Ethical (2021) |
This company has environment, social and governance claims on its website under the headings investment principles, approach and transparency & reporting.
Source: company website (2022)
UNPRI is a set of six principles direct institutional investors may adopt to consider environmental, social and corporate governance issues when investing. UNPRI is a voluntary agreement.
Source: UNPRI (2022) |
Company Details
Type | Private company |
Revenue | 204 million AUD (2013) |
Employees | 12,500 (2017) |
Subsidiaries | Australian Fast Foods Pty Ltd
Fast food restaurants In May 2002, Perth based Australian Fast Foods acquired Red Rooster from Coles Myer Ltd. AFF also owns 68 Chicken Treat stores in WA. Oporto Franchising Pty Ltd Fast food retail Founded in Bondi, Sydney. Oporto now has over 110 stores across Australia and New Zealand, with over 95% of them franchises. Bought by QSR Holdings (owner of Red Rooster and Chicken Treat) in 2007 for $60 million. |
Contact Details
Address | Level 12, 12 Help St, Chatswood, NSW, 2067, Australia |
Phone | 08 9240 9777 |
reception@craveablebrands.com | |
Website | www.craveablebrands.com |