Jolibee buys out partners to fully own Michelin-starred dim sum chain Tim Ho Wan

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Jolibee buys out partners to fully own Michelin-starred dim sum chain Tim Ho Wan

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11-08-2021, 10:00 PM

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Jolibee buys out partners to fully own Michelin-starred dim sum chain Tim Ho Wan

An honorable member of the Coffee Shop Has Just Posted the Following:

Jolibee Foods Corporation (JFC) is buying out its remaining partners in the fund that owns Michelin-starred dimsum restaurant Tim Ho Wan.

JFC’s subsidiary, Jolibee Worldwide, will purchase the remaining 15 per cent owned by other investors in Titan Dining (the private equity fund that owns the Tim Ho Wan brand and stores). This represents S$71.56 million (US$52.7 million) of the shares.

Tim Ho Wan operates 53 stores in Asia, including Singapore, Taiwan, and Hong Kong.

In Singapore, it has...

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