Aiko TanakaFood
Nestlé Sells Holistic Health Supplement Business to Yellow Wood for $1.4 Billion
Private equity firm Yellow Wood Partners takes control of the mainstream vitamins portfolio as the Swiss food group trims non-core categories.
Asia retail M&A
Who is buying whom in Asian retail
Acquisitions, mergers, buyouts, stake sales and funding rounds that change who owns the shelf — from convenience chains and grocers to bubble tea, beauty and e-commerce.
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Rajiv MenonFood
Temasek and ChrysCapital Compete to Buy 33 per Cent Stake in India’s Blue Tokai
The proposed deal values the Indian specialty coffee chain at up to 3,700 crore rupees as it prepares to expand across India, the UAE and Japan.
Aiko TanakaGeneral
New Zealand Clears Kimberly-Clark Kenvue Deal with Feminine Hygiene Divestment
Antitrust approval requires Kimberly-Clark to sell off Kenvue’s regional feminine care portfolio, including Carefree and Stayfree, across New Zealand and Australia.
Wei ZhangGeneral
Singapore’s Rubber King Dynasty Sells Prime District Plot for $453M, Paving Way for Residential Development
A piece of land in Singapore, associated with the family of the city’s late “rubber king,” Lee Kong Chian, has been sold for S$578 million (US$453 million). The 18,860-square-meter property, located at 8 Thomson Lane, was sold bearing a 105-year leasehold…
Minjun ParkFood
Minor Group Takes Global Reins: Acquires Full Ownership of Korean Chain Bonchon
Thailand’s Minor Group is set to acquire the remaining stake in Bonchon, a South Korean restaurant chain, thereby becoming its global owner. Headquartered in Bangkok, Minor Group has a significant presence in the restaurant industry with ownership of The…
Minjun ParkFood
Bain Capital Acquires Bubble Tea Giant Gong Cha for $635 Million in Surprise Deal
Private equity firm Bain Capital has successfully completed the acquisition of the global bubble tea franchise, Gong Cha, a deal estimated to be worth around US$635 million. This figure falls significantly short of the $2 billion valuation that was initially…
Maria SantosFinance
Bain Capital Acquires Global Bubble Tea Giant Gong Cha in $635 Million Deal
Private equity firm Bain Capital has finalized the purchase of the globally recognized bubble tea franchise, Gong Cha, in a deal worth roughly $635 million USD. This acquisition comes after widespread speculation concerning the future of the well-known…
Wei ZhangFood
Yum China Acquires Pizza Hut: Record Revenue, Store Expansion, and Surging Delivery Sales Drive Q2 Growth
After operating as a licensee for 36 years, Yum China is poised to acquire full ownership of Pizza Hut in Mainland China. This substantial move was guided by the company’s impressive second-quarter earnings report, which revealed a 13% year-on-year increase…
Rajiv MenonFood
ThaiBev Mulls Over Sale of Thailands Premier KFC Franchise Amid Profit Drop
ThaiBev, owned by Charoen Sirivadhanabhakdi, is reportedly contemplating the sale of its KFC franchise business in Thailand – the largest of its kind in the country. The fast-food chain’s operations are overseen by The QSR of Asia. This takeover was initiated…
Sarah ChenGeneral
Expanding Horizons: Seven & I Eyes Multi-Billion Dollar Investment in Polish Retail Giant Zabka
Japanese retail giant Seven & I, proprietor of the international 7-Eleven chain, saw its share price increase by 3% on the Tokyo stock market this past Friday. This rise comes amidst discussions of the corporation’s potential acquisition of a share in Zabka…