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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…
Cai Ca, a novel bubble tea brand, conceived and established by the ex-CEO of Gong Cha’s Singapore franchise, Kang Puay Seng, has effectively filled the void left by Gong Cha’s departure from the city-state by taking over six of its former outlets. The Birth…
Taiwanese bubble tea company Gong Cha has announced the enlistment of Felix, a member of the renowned South Korean group Stray Kids, as their global brand ambassador. Gong Cha Launches New Campaign The brand aims to bolster its global presence with a campaign…