For the unversed, in 2024, the business took a huge blow when Jimin’s father announced that the café would be renamed “ZM-ILLENNIAL.” At the time, reports suggested that the family had not trademarked the original “Magnate” name, allowing another party to obtain the rights to it. Consequently, the well-known café, which had been known to the public for years under its original name, was forced to change its identity.
