@thetruism · 32m ago
Jollibee Group acquires full ownership of Tim Ho Wan in North America
Philippine food giant Jollibee Foods Corporation has agreed to take full ownership of Tim Ho Wan's North American business. The deal was reached through a joint-venture realignment with Japanese partner WDI Group, giving Jollibee complete control of the dim sum chain's regional operations.
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The numbers
North America
Jollibee Group acquires full ownership of Tim Ho Wan in North America
- Jollibee Group is acquiring 100% ownership of Tim Ho Wan's North American operations.
- Jollibee Group is buying out partner WDI Group's remaining stake in Tim Ho Wan's North American division.
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- · Jollibee Group is acquiring 100% ownership of Tim Ho Wan's North American operations.
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- Secondary source
Claims supported (1)
- · Jollibee Group is acquiring 100% ownership of Tim Ho Wan's North American operations.
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- The exact financial terms and valuation of the North American buyout.
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