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Private Equity firm KKR has taken up a “significant stake” in massage chair and lifestyle products group V3, the owner of the OSIM and TWG Tea brands. KKR’s investment is up to S$500 million in V3, valuing V3 at an enterprise value of about S$1.7 billion.…
Private equity company KKR is to invest as much as S$500 million (US$366 million) into V3, the parent of cafe chain TWG Tea and massage chair retailer Osim, to fund regional expansion. In a deal which mixes equity and financing, KKR will take an unspecified…
TWG Tea has launched a London flagship in Leicester Square. Inside, the TWG flagship are tables laden with colourful cannisters of the company’s teas, including London Breakfast, Paris Breakfast (with candied spices), Russian Breakfast (Georgian smoky tea…
To mark its 10th anniversary, TWG Tea has launched a global e-commerce website, with Singapore being the first nation to experience it (the company is based in Singapore). With a refurbished interface, the site now offers a suite of tools, such as a…
For its first outlet in Asia, Australian tea chain T2 Singapore has launched with a new brew that pays homage to local breakfast staple kaya toast. Its Singapore Breakfast tea is a blend of pu’er (Chinese fermented tea), green tea, coconut flakes and roasted…
Singaporean brand TWG Tea has entered the North American market with a store in Vancouver. In its eight years, TWG Tea has opened 56 owned and franchised boutiques and salons in 17 cities including Dubai, London and Shanghai. In Canada, its franchise and…
