, Philippines
Shutterstock photo

Jollibee Group takes full ownership of Tim Ho Wan

JWPL, which already held a 92% stake in Tim Ho Wan, will pay $14.8m to acquire the final 8% interest.

Philippines' Jollibee Foods Corporation (JFC), known as Jollibee Group, has announced that it is set to fully acquire international Michelin-starred dim sum chain Tim Ho Wan.

This move comes as part of a transfer agreement with a subsidiary of Titan Dining LP (Titan Fund), which will see Jollibee Group’s subsidiary, Jollibee Worldwide Pte. Ltd. (JWPL), assume complete ownership of Tim Ho Wan Holdings Pte. Ltd. (TPL), the holding company for Tim Ho Wan.

JWPL, which already held a 92% stake in Tim Ho Wan, will pay $14.8m to acquire the final 8% interest.

Founded in 2009, Tim Ho Wan gained global recognition for its high-quality yet affordable dim sum, notably the Barbecue Pork Buns.

With 80 stores across 11 countries, it will now serve as Jollibee Group’s flagship Chinese cuisine brand.

Tim Ho Wan recently opened flagship locations in Singapore and Hong Kong.

Join Retail Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!