Richard Jaffray, who co-founded the national restaurant business Cactus Club Cafe, is retiring after 34 years as an owner and executive. The Fuller family, who have been unspoken partners in the business since its inception, will take full ownership.
Jaffray first informed management and the staff at the Cactus Club and its sibling establishments, Taphouse and King Taps, in a written note.
The North Vancouver-based company was founded in 1988 by the restaurateur and Scott Morison, a fellow former Earls server. He said, “When I founded Cactus, I discovered that I needed capital to expand the business. I, together with the other original shareholders, the late Bus Fuller, his son Stan Fuller, and Earl’s Holdings Ltd., drafted an ownership agreement. He was appreciative for the chance as a young businessman, Jaffray continued, observing that this “unique arrangement held for decades.
But Jaffray has recently been involved in a legal dispute with the Fuller family. According to CBC News, the relationship has deteriorated to the point where the Fullers want the Cactus Club management firm to be fully disbanded.
According to CBC, the owners of the Earls restaurant chain claimed that Jaffray had spent restaurant funds improperly on art for his residence and private jets. On the other hand, “There are allegations that the Fullers gave up-and-coming rival Joey an unfair advantage by using the Cactus Club’s private financial information.
Richard Jaffray, president and co-founder of the Cactus Club Cafe, and Peter Legge, chair and CEO of Canada Wide Media, in 2015.
Jaffray stated that he recently “started a buy-sell clause that was created long ago in the ownership agreement” in his announcement. The other shareholders invoked their right to buy my ownership portion this week. The deal will close on March 2, 2022, after which I’ll cease to be an owner or officer of Cactus. He will continue to be dedicated to the business until then, according to Jaffray.
It would be an understatement to say that this is challenging, he continued. I have given my everything to Cactus and the 32 places we have created together for decades.
It seems as though both sides have set aside their differences. On behalf of his family, Stan Fuller released a statement that read, “We have immense admiration for what Richard has built.
Fuller continued, “Our objective is to uphold and expand on the work Richard has done to make the Cactus Club brand such a success. ” We have no plans to alter the Cactus restaurants, brand, or culture, and we are dedicated to the talent at Cactus Club since it has always been autonomous and will remain so. Richard has been a valuable part of our lives, and we appreciate him and wish him nothing but the best in the future.
A brief statement from Jaffray was also included in the news release. He remarked, “I am really proud of the group that turned Cactus Club into Canada’s top casual fine dining brand. There is no greater team anywhere, and I have no doubt that they will continue the Cactus Club brand’s success in the years to come.
Who is the owner of Cactus Club?
On Wednesday, a significant transaction in the BC restaurant sector was revealed. Richard Jaffray, the original owner of Cactus Club, has sold the entire business to the Fuller family, who also operate Earls Kitchen + Bar.
Joey owns Cactus Club, right?
Beyond sharing similar themes and menu items, Cactus Club, Earls, and Joey Restaurants all have one thing in common: they are currently all owned by the Fuller family.
Following a protracted court struggle, the Fuller family declared it had fully bought the Cactus Club from its president and founder Richard Jaffray.
Leonard Earl “The eateries Earls and Joey were founded by Bus Fuller. He also made an early investment in Cactus Club, which Scott Morison and Jaffray launched in 1988. Morison and Jaffray both used to work for Earls. Because Jaffray sold his ownership part to the Fullers after Morison left the company in 2004, he will vacate his position as president in March.
“We are incredibly proud of what Richard has created. Under his direction, Richard and the Cactus team created and expanded an exceptional restaurant brand and concept, building strong and enduring relationships with customers in the process. We are happy to be assuming 100% ownership of the business because our family has been a partner in Cactus Club from the very beginning, the Fullers said in a news statement.
Since Jaffray claimed he wasn’t properly notified of a transfer of Cactus Club shares in 2018, he and the Fullers have been engaged in a legal dispute. The Fullers disputed the existence of the transfer.
Jaffray also had issues with the way Joey Restaurants was run. Joey competed directly with Cactus Club, and Jaffray wanted to discontinue giving the Fullers audited financial documents because they felt it provided Joey an unfair advantage. The case was ultimately dismissed.
Then the family retaliated, claiming that Jaffray had embezzled corporate funds by charging excursions on private jets and purchases of art for his residence.
It appears the parties are putting the bad blood behind them after Wednesday’s statement.
“The group who turned Cactus Club into Canada’s top casual fine dining brand has my utmost respect. There is no finer team anywhere, and I have no doubt that they will maintain the Cactus Club brand’s success in the years to come, according to Jaffray.
The Fullers expressed appreciation for their partnership with Jaffray and their best wishes for him “only the very best for the future.
Cactus Club Toronto’s proprietor?
The heated legal dispute between the owners of the restaurant brands Earls and Cactus Club Cafe seems to be finished.
Richard Jaffray, the company’s founder and president, sold the whole ownership interest in Cactus Club to the Fuller family, a longtime investor in the business, who made the announcement on Wednesday.
The Fullers, who developed the Earls and Joey restaurant chains and have been a silent investor in Cactus Club since the late 1980s, are headed by patriarch Leroy Earl “Bus” Fuller.
In 1988, Jaffray and his business partner Scott Morison, both former employees of Earls, launched the first Cactus Club Cafe in North Vancouver, British Columbia. 5,000 individuals are presently employed at 32 locations across Canada.
For many years, Earls and Cactus Club coexisted peacefully in the same “luxury casual dining” sector, but recent litigation brought before the British Columbia Supreme Court exposed a savage conflict between the Fullers and Jaffray.
The Fuller family owns what?
Leroy Fuller, the father of a family that owns some of Vancouver’s most prosperous restaurant businesses, launched Earls in the 1980s and passed away at the age of 90.
Fuller passed away quietly over the weekend at home in the company of family members, according to a statement released by his family on Monday.
According to the statement, “those fortunate enough to work with and know Bus have lost an amazing mentor, a charismatic leader, and a great friend.”
“Bus leaves behind a legacy that was made possible by his commitment, perseverance, and capacity to surround himself with outstanding individuals. He will always be cherished and missed for the way he impacted so many people’s hearts.”
Fuller, who was known as Bus as a boy, served in the Korean War before running A&W locations in Edmonton from the 1950s through the 1970s.
The popular brand, which gave customers an excellent dining experience at a reasonable cost, helped the Fuller family’s restaurant business take off.
Jeff, Fuller’s son, founded Joey in 1992 and currently serves as its CEO. The Fullers also assisted two former Earls servers in starting the first Cactus Club Cafe, which they now hold a majority of.
Owner of King Taps?
The Fuller family, who operate Earls Kitchen + Bar, bought Cactus Club Ltd., which had originally developed King Taps, in the beginning of February. Cactus Club vice-president Christy Murphy told KelownaNow two years prior that the franchise had taken over Rose’s former location.
Brown’s Socialhouse is owned by who?
The sushi bar at the Queen Elizabeth Plaza site will have the greatest patio in the city.
Vancouver, Canada, October 16, 2019 – Yesterday, Tuesday, October 15, Browns Socialhouse in the Queen Elizabeth Plaza formally welcomed guests. As the 68th Browns Socialhouse site, this newest franchised facility will serve as the brand’s flagship store.
Derek Archer is the owner and operator of the Browns Socialhouse QE Theatre brand. Five more Browns Socialhouse franchises are owned by Archer and a number of other partners, with three of them located in North Vancouver, one in Kelowna, and one in Red Deer. In the Upper Lonsdale neighborhood of North Vancouver, British Columbia, he launched the first Browns Socialhouse in 2004.
This facility is a significant accomplishment for the company, according to Browns Restaurant Group founder and CEO Scott Morison. “[Our] employees have spent many hours developing and creating a place suitable for the city’s vibrant athletic and entertainment district,” he says. The Queen Elizabeth Theatre is a landmark in Vancouver, and we’re quite proud to be a part of that environment, he continues.
The restaurant has a sizable covered patio that is year-round open and features an opening wall technology to give patrons a unified and roomy interior. With its brilliant coral and yellow colors and even some palm plants, the environment will give visitors the impression that they are in a 1950s Palm Springs lounge.
The celebrity headshot wall in the flagship, which features over 100 images of previous Queen Elizabeth Theatre performers, is another noteworthy design element. These images of actors and actresses, singers, comedians, and dancers are all from 1959.
The brand’s original menu, which include dishes like the #28 Dragon Bowl and the Oreo Jar that are beloved by customers, will be followed by the food program. The restaurant will feature its own sushi bar and counter where customers can sit and watch the chefs make items from the changing sushi menu, enhancing the eating experience. This location’s sleek new design is complemented with a superior back bar program that includes premium liquors and a longer choice of regional and reserve wines.
With an 80-inch double-sided TV and a sizable projector screen, the restaurant, which is located in Downtown Vancouver’s Stadium neighborhood, will offer a welcoming atmosphere for game days.
The excitement surrounding the opening is continuing beyond that point. The Ventura Room, a cocktail and music club that will debut at the end of October, is a brand-new area at the building’s lower level.
The public can now visit the Browns Socialhouse QE Theatre, which is at 649 Cambie Street in Vancouver, British Columbia.
Is Earl’s a franchise in Canada?
A family-owned company of 68 restaurants called Earls offers premium casual dining in both Canada and the US. Their corporate headquarters are located in Vancouver, British Columbia.
Rob Feenie is still a member of Cactus Club.
The test kitchen and culinary program of Cactus Club Cafe have been run by Chef Rob Feenie since 2008. Chef Feenie is the head of the company’s brilliant staff of product development chefs and collaborates closely on menu development with Cactus Club’s founder and CEO, Richard Jaffray.
The number of Cactus Club locations is how many.
Our “West Coast culinary empire has expanded from one location in North Vancouver to approximately 30 locations across Canada,” says Cactus Club Cafe, which has a rich past and a promising future.
As we move toward the east, things are off to an exciting start.
We were selected as one of Toronto’s finest new restaurants to open in 2015 and as the greatest establishment in the city’s Financial District. In addition to our recently established flagship locations across Toronto, Calgary, and Kelowna, we are intending to open at least 20 other restaurants in Ontario. We are thrilled to be one of Canada’s most popular and rapidly expanding restaurant concepts, and we are always looking for outstanding individuals to add to our team. The restaurant business is competitive, but we’re excited to expand into new markets with our innovative idea and cultivate leaders who regularly achieve outstanding results at every level of our organization.