19541978Our story begins with Norman Robert Tieck (NRT), an acclaimed Australian businessman and retail pioneer. In 1954, Tieck, alongside Harold Cornock, acquired Franklins, a Sydney-based grocery chain. Under their visionary leadership, Franklins transformed into Australia’s first discount supermarket chain, expanding from 10 stores at the time of acquisition to an impressive 75 by 1978.The Tieck Family BusinessIn 1978, under Tieck’s direction, Franklins launched the No Frills brand—Australia’s first generic supermarket brand. This pioneering approach to retail, emphasizing a no-frills business model and consistently low prices, revolutionized the Australian grocery industry. Tieck’s innovative strategies not only shaped modern supermarket practices but also set new standards for retail across the nation.1979 In 1979, Tieck and Cornock sold Franklins to the Hong Kong Dairy Farm Group for $33.6 million, securing a broader and more sustainable future for the business beyond family ownership.1980Following the sale, the Gwynvill Group was founded in 1980 by Norman's sons Paul and Garry. Together they built a strong and enduring equities portfolio and extensive property investments. As the business grew, the next generation joined the team, further enhancing the group’s investment strategy with entrepreneurial flair and ensuring its ongoing success.2024The next chapter was established in 2024, with Broadgate Capital launching under the leadership of Jason with his father Paul serving as Chairman.
Broadgate Capital takes the foundations of the enduring equities portfolio managed by Jason for 25 years and looks to expand investment opportunities in order to shape a forward-thinking family office for the future.
