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Jollibee fully acquires Tim Ho Wan, a Michelin-star restaurant chain
Nov 10, 2024•over 1 year ago
Contract Type
partnership
Food and BeverageHospitalityRetail
Description
Jollibee Food Corporation has completed the acquisition of the remaining 8% of Tim Ho Wan, a Michelin-star restaurant chain, to fully own the company. The deal is valued at SGD20.2 million (US$15.3 million).
Company Information
Company
Jollibee Foods Corporation
About
Jollibee Foods Corporation, headquartered in the Philippines, is a global behemoth in the food industry, owning and operating thousands of stores across 19 brands worldwide. It has a rich history of strategic acquisitions and has been expanding its global footprint since its humble beginnings as an ice cream selling business in Manila.
