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OldTown White Coffee, a renowned Malaysian coffee brand, is charting an ambitious growth trajectory in the Philippines with a hefty investment amounting to US$21 million (PHP400 million). The funding will facilitate the introduction of 20 additional outlets…
The Philippines becomes OldTown White Coffee’s fourth international market, after Singapore, Indonesia and Hong Kong, with the coffee chain also targeting further outlet growth across Malaysia in the second half of 2023 The Ipoh-based coffee chain, which has…
Jacobs Douwe Egberts Holdings Asia NL BV (JDE) has extended the closing date of its takeover offer for OldTown Bhd to March 20. According to a circular issued by CIMB Investment Bank Bhd, the terms and conditions of the offer remain unchanged and the level of…
Malaysian cafe chain and coffee manufacturer OldTown is about to sell a majority shareholding to Jacobs Douwe Egberts (JDE) for about US$361 million. It is part of a move by the global coffee and tea company to expand its coffee empire. OldTown, which has 232…
Food chain PappaRich Malaysia is considering a Singapore IPO, possibly this year. Insiders say the company, which opened its first restaurant in Malaysia in 2006, aims to achieve a valuation of at least S$200 million (US$140 million) in the share sale.…
