Jollibee is expanding its global reach by taking full ownership of Tim Ho Wan, the famous Michelin-starred dim sum chain.
According to a recent disclosure on the Philippine Stock Exchange (PSE), Jollibee Foods Corporation (JFC), through its wholly owned subsidiary Jollibee Worldwide Pte. Ltd. (JWPL), has entered into a share purchase agreement with Titan Dining Group Ltd., a subsidiary of Titan Dining LP (Titan Fund). This agreement enables JWPL to acquire 166,458,461 shares of Tim Ho Wan Holdings Pte. Ltd., the owner and operator of the famed Tim Ho Wan brand.
Yes, ito yung same Tim Ho Wan brand na famous for its Michelin-starred dim sum (one of my faves, honestly! Masarap din yung buns nila!).
Ngayon, hindi na lang basta investor ang Jollibee; they’ll now manage the entire Tim Ho Wan brand.
This is a super big move for Jollibee. Think about it: known ang Jollibee for its Filipino fast-food favorites, pero ngayon, they’re adding authentic Cantonese flavors sa kanilang portfolio.
May iba rin silang acquisitions before, like with Coffee Bean & Tea Leaf pati Smashburger, tapos ngayon isang Michelin-starred brand naman like Tim Ho Wan. I guess this shows kung gaano sila kaseryoso about expanding their influence.
So, what’s next for Jollibee? Dadagdagan kaya nila ang dishes sa menu ng Tim Ho Wan?
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