Accused of threats, legal representative of Ga 36 brand said "don't know"

The Ga 36 brand arbitrarily installed poles and billboards on the sidewalk. Photo: TG

Accused of threats, legal representative of Ga 36 said "don't know"

Ga 36 is a restaurant chain registered as a trademark of Brothers Invest Joint Stock Company. Brothers Invest is a family company founded by two brothers, Mr. Tran Van Toan and Mr. Tran Van Binh.

Recently, the Ga 36 brand was accused of unfair competition with other restaurants operating in the area of lane 23, Nguyen Van Loc street (Mo Lao ward, Ha Dong district, Hanoi).

Regarding this issue, speaking with Lao Dong Newspaper reporter, Mr. Tran Van Toan - General Director and legal representative of Brothers Invest Joint Stock Company - said: "The above incident has no problem. If there is a conflict, brothers will talk to each other behind closed doors."

According to Mr. Toan, the cause of the incident originated from some employees of the Ga 36 restaurant branch (lane 23, Nguyen Van Loc street) "collision" with another restaurant operating in the same area.

"Our spirit is to do business, not to fight" - General Director of Anh Em Dau Tu Joint Stock Company said.

When reporters asked about the content of Ga 36 (lane 23 Nguyen Van Loc street) using words like having a "familiar relationship", threatening and cursing when asked to remove the violating advertising signs, Mr. Tran Van Toan said that he himself did not know about this, had never threatened anyone and would provide specific information about the incident in the near future.

Loss on loss

Brothers Invest's business results update shows that at the end of 2021, the company's revenue reached 8 billion VND, but with a cost of goods sold of about 5 billion VND, the business brought in more than 3 billion VND in gross profit.

During the period, Brothers Invest's financial revenue was insignificant. Meanwhile, financial expenses were more than VND 400 million; business management expenses were nearly VND 4 billion. This was the main reason why Brothers Invest suffered a loss after tax of nearly VND 900 million in 2021.

Entering 2022, Brothers Invest brought in 12.5 billion VND in revenue, an increase of about 4 billion VND compared to 2021. Notably, along with the increase in revenue, the company's business management costs also increased rapidly. As a result, Brothers Invest continued to report a loss after tax of more than 400 million VND in 2022.

However, Brothers Invest's loss-making business story may have lasted from previous years, because as of December 31, 2022, this company is suffering an accumulated loss of up to 1.7 billion VND.

According to information on the National Business Registration Portal, Anh Em Dau Tu Joint Stock Company was established in 2007.

As of October 2023, Brothers Invest increased its charter capital from VND 1.85 billion to VND 5 billion. The total number of employees is 4 people.

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