Episode description
In this episode, Candice and Felicity sit down with Jack Cowin the Founder and Chairman of Competitive Foods Australia which operates the Burger King franchisee - Hungry Jacks.
In this exclusive interview Jack winds back the clock to the 1960’s and tells us the story behind the very first burger store he opened. Fast forward to today, there are +400 Hungry Jack stores selling whopper burgers and fries around the country.
As one of Australia’s most successful and recognised businessman, in PART ONE of our conversation with Jack. You will hear the business and investment lessons he has learnt over the decades, plus he shares his involvement with other businesses which resulted in many multiple bag returns and return on investment.
We are talking +4,000% like returns - so I think we have enough evidence to call him our very own Australian ‘Warren Buffet’.
For more information about Jack and his current roles, refer to the below taken from the Dominos Pizza Australia company website:
Jack was born in Canada and moved to Australia at the age of 27. Opening his first KFC store in December 1969 with 30 brave Canadians lending him $10,000 each for 35% of the company. Now Jack is the chairman and managing director of the CFAL group of companies which has sales revenue of $1.4 billion and Net Shareholders Funds of $600 million. Hungry Jacks is the Burger King Master Franchise Holder for Australia with 360 restaurants. The company exports food products to 26 countries and has won several Australian Export Awards. Jack today is the owner of 98% of the group shareholding.
Jack is a former director of Fairfax Media, and was previously a director of BridgeClimb, a Sydney tourist attraction of which he was also a 40% shareholder. In March 2014, Jack was announced as the Chairman of Domino’s Pizza Enterprises.
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Felicity Thomas and Candice Bourke are Senior Advisers at Shaw and Partners, and you can find out more here.
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In the spirit of reconciliation, Equity Mates Media and the hosts of Talk Money To Me acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today.
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