Tealive parent Loob Holding eyes on IPO
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Tealive parent Loob Holding, is planning an IPO to fund ‘aggressive expansion’. The company is looking to open 1000 Tealive stores in 15 countries by the end of next year.
Along with another 150 new outlets in India by 2024.
China is still its focus market, with 500 more outlets to come after first outlet opened last November.
Tealive has more than 200 outlets in its home market, seven in Vietnam, two in China, and one in Australia. About one third of these are operated by franchisees.
Loob Holding CEO Bryan Loo said the company is building relationships with potential business partners in Japan, Indonesia, Myanmar, Mongolia, and the UAE, while Singapore is also in its expansion plan.
Apart from Tealive, Loob also runs F&B franchises in Malaysia, including Gindaco, Croissant Taiyaki, Define:food, Define:burgers and Ko Ko Kai.
Questions & Answers
Q.What is the primary purpose of Loob Holding's planned IPO?
What is the primary purpose of Loob Holding's planned IPO?
Loob Holding intends to use the funds raised from the IPO to support its 'aggressive expansion' plans. This includes opening a significant number of new Tealive stores in various countries and focusing on key markets like China and India.
Q.Which new international markets are Tealive considering for expansion?
Which new international markets are Tealive considering for expansion?
Tealive is building relationships with potential business partners in several new international markets. These include Japan, Indonesia, Myanmar, Mongolia, and the UAE, with Singapore also noted as part of its expansion strategy.
Q.How many Tealive outlets are currently operated by franchisees?
How many Tealive outlets are currently operated by franchisees?
Currently, approximately one-third of the total Tealive outlets are operated by franchisees. The article does not specify an exact number, but it indicates a significant portion of the business is run this way.
Q.What other F&B brands does Loob Holding operate in Malaysia?
What other F&B brands does Loob Holding operate in Malaysia?
In addition to Tealive, Loob Holding also manages several other F&B franchises within Malaysia. These brands include Gindaco, Croissant Taiyaki, Define:food, Define:burgers, and Ko Ko Kai.
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