Jollibee increases stake over Tim Ho Wan brand

Jollibee Worldwide’s participating interest grew to 92%.

Jollibee Worldwide Pte. Ltd. (JWPL) has placed an additional capital commitment to its stake in Titan Dining LP (Titan), the owners of the Tim Ho Wan brand, and its additional store brands.

The fund size of Titan will grow from $263.7m (S$350m) to $339m (S$450m), intended for Tim Ho Wan’s expansion and working capital requirements, in addition to other projects.

With the increased stake, JWPL’s participating interest will expand from 90% to 92%, in cooperation with another limited partner for the funding of a total consideration of $5.8m (S$7.7m). This will bring JWPL’s total commitment to $311.9m (S$414m).

Back in May 2018, JFC invested $33.9m (S$45m) in Titan and bought a 45% participating interest to become the master franchisee of the Tim Ho Wan brand in the APAC region.

ALSO READ: Domino’s Pizza expands China franchise with 10 new stores

Starting with a franchise operation in Shanghai, JWPL has propelled Tim Ho Wan’s expansion, eventually raising its commitment to $90.4m (S$120m) and its participating interest to 60%. In turn, by 2019, the fund size had also grown from $75.3m (S$100m) to $150.7m (S$200m).

In August 2021, JFC purchased all of the participating interests of Tim Ho Wan, gaining control of its trademark and its partner brands.

Currently, the Michelin-star restaurant brand has set plans for expansion in Mainland China with 100 outlets.

Also Read

GOELIA expands with 9 new store openings in China and Singapore

Gentle Monster opens first flagship boutique in Australia

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit