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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…
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…
Gong Cha, the renowned bubble tea chain, has reportedly piqued the interest of potential buyers, including private equity companies Bain Capital and General Atlantic. The anticipated deal, initiated by the current owner and Boston-based private equity firm TA…
In a sudden move that caught consumers by surprise, Hollin Bubble Tea has ceased its operations in Singapore. Unexpected Closure Hollin Singapore’s social media profiles, including Instagram and Facebook, have been deactivated, and its website is now set to…
Gong Cha, a leading global bubble tea brand, has recently launched its first concept store in Thailand. The new establishment is a result of a collaboration with Perfect Step, a local master franchisee and a subsidiary of Thai Outdoor Group. Strategic…
Chatime and Maybelline New York have come together to unveil a series of four beverages that draw inspiration from Maybelline’s latest addition to its product line, the Colossal Bubble Mascara. The mascara promises to offer a voluminous yet lightweight…
Taiwanese bubble tea chain Gong Cha has reached US$600 million in global system sales for the 12 months ended December, driven by its rapid global expansion. Group revenue also rose 12 percent year-on-year to US$190 million as the brand expanded operations in…
An announcement on the launch date for the travel bubble is expected in early July, following a review by both sides. The latest developments come in view of the COVID-19 epidemic situation in Singapore, which has been stabilizing since early June, the Hong…
Top executives of financial firms in Hong Kong will be granted exemptions from quarantine in the city, according to the local regulator, giving the sector a first-mover advantage to reopening. Hong Kong authorities launched new rules, effective as of last…
The arrangement for quarantine-free travel between the two cities was due to begin on May 26, following two previous postponements. Singapore is reassessing plans for a travel bubble with Hong Kong after the city-state moved to reintroduce tighter social…
Travelers between the two cities will soon be able to make trips without the need for quarantine, stay-home notice or controlled itinerary. Singapore and Hong Kong have reached an in-principle agreement to establish an air travel bubble, following discussions…
Chinese bubble tea chain Naixue Tea – also known as Nayuki – is eyeing a listing in the US. The move could raise around US$400 million in capital, although many important details of the potential offering remain in flux as private discussions continue between…
Taiwanese milk-tea brand CoCo Fresh Tea & Juice is slated to open its third store in Cebu City, Philippines in 2020. CoCo debuted in the urbanized city in March this year when it opened at the SM Seaside City shopping mall, followed by a second outlet six…
Bubble tea chain The Whale has opened its first outlet in Singapore. The Nanjing-based brand opened the first franchise in the territory in a basement takeaway kiosk at Lot One Mall in Choa Chu Kang. It is known for its unusual blends, including the Brown…
Apple iPhone, iPad, Apple Watch and even Mac users know that when they are using the Messages app to communicate with others using the Apple ecosystem, they are sending and receiving iMessages. This is signified by the blue bubble that the conversations are…
AirAsia Thailand recently introduced bubble milk tea in their in-flight menu – much to the delight of customers. There’s even a poster that says that passengers can now enjoy Boba milk tea 35,000 feet in the air. You’ve probably come across articles on how…
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