When were all of the Minus Zero4 franchise agreements assigned to CPUSA for Amorino?
Amorino Franchise · 2025 FDDAnswer from 2025 FDD Document
Up until early 2019, Minus Zero4, formed in January 2012, which was owned by CPGF Holdings, LLC, a Delaware limited liability company ("CPGF Holdings"), formed in October 2009, which was owned 51% by Amorino USA Cop., 24.5% by Luigi Caroggio, and 24.5% by Filippo Saccani, was responsible for the United States Amorino brand system, including the issuance of unit franchises, and had an exclusive license with CPG, SAS for the use of the Amorino brand in the United States. Minus Zero4 started offering Amorino franchises in December 2012, and stopped offering Amorino franchises in early 2019. As of December 31, 2023, Minus Zero4 still had franchise agreements with nine (9) unit franchisees to operate traditional Amorino brand stores located in different parts of the United States. On July 1, 2024, all of the Minus Zero4 franchise agreements were assigned by Minus Zero4 to us.
Source: Item 1 — THE FRANCHISOR, AND ANY PARENTS, PREDECESSORS, AND AFFILIATES (FDD pages 8–12)
What This Means (2025 FDD)
According to Amorino's 2025 Franchise Disclosure Document, the franchise agreements formerly held by Minus Zero4 were assigned to CPUSA LLC (referred to as CPUSA or Amorino in the document) on July 1, 2024. Prior to this assignment, Minus Zero4 was responsible for issuing Amorino unit franchises in the United States, starting in December 2012 and ceasing in early 2019. As of December 31, 2023, Minus Zero4 still maintained franchise agreements with nine unit franchisees operating traditional Amorino stores across the United States.
This transition signifies a restructuring of the Amorino brand's management and franchise operations within the U.S. market. The assignment of these existing franchise agreements to CPUSA indicates a shift in control and responsibility for overseeing these units. For prospective franchisees, this means that CPUSA is now the primary point of contact and the entity responsible for upholding the terms of those pre-existing franchise agreements.
It is important for potential franchisees to understand the history and evolution of the franchise system, including the roles of Minus Zero4 and CPUSA. This information provides context for the current franchise operations and helps in assessing the stability and direction of the Amorino brand. Understanding the transition from Minus Zero4 to CPUSA can give franchisees insight into the support and resources available to them under the new management structure.
Franchisees should also inquire about any specific changes or updates to the franchise agreements resulting from this assignment. While the core terms of the original agreements should remain in effect, CPUSA may have implemented new policies or procedures that impact franchise operations. Clarifying these details will ensure a smooth transition and a clear understanding of the franchisee's rights and obligations under the current franchise system.