30 Mar '12, 4am
Many laughed at Marrybrown, now they laugh back
Thirty-one years ago, Lawrence Liew and Nancy Chan had dreams of investing in a fast food business but found it difficult to secure a loan for the purpose. Bank officials were quite sarcastic as they flipped through the couple's business proposal and refused to approve a loan as they believed the plan was not feasible. Even the suppliers the couple approached doubted the viability of their plan and were only willing to supply goods on a cash-on-delivery basis. To make matters worse, owners of shoplots were reluctant to lease their premises to the pair. Today, the couple are laughing all the way to the bank. "Back then, we were treated like second-class citizens, they didn't even look at you," Marrybrown Sdn Bhd co-founder and managing director Chan told The Star. Now, banks are knocking on their doors while mall operators and landlords are courting them to lease their unit...