New deal means possible black-controlled franchise stores for Kauai
In the hopes of introducing black-controlled franchise stores, Kleoss Capital Fund 1, a 100-percent-black-owned South African PE investment manager managed by Kleoss Capital, has acquired a minority stake in Real Foods, which owns the KAUAI, NÜ Health Café and Kohu brands. Hale Matsipa, Kleoss Capital CEO, has said that the company is excited about BEE transformation within Real Foods and believes there is potential to introduce black-controlled franchise stores within Kauai. Matsipa was quoted by Fin 24 as saying:
"This would be our modest contribution within Real Foods to creating black entrepreneurs through a franchise model, particularly amongst the youth. We have found Real Foods very receptive to our ideas around BEE transformation."