Creador buys 30pc stake in Tealive’s parent company Loob Holding | Malay Mail

KUALA LUMPUR, June 10 — Private equity firm Creador Sdn Bhd is acquiring a 30 per cent stake in Loob Holding Sdn Bhd, which owns the Tealive bubble tea brand.

“Loob’s impressive revenue of RM307 million and net income of RM58 million for the financial year 2020 translated into a three-year compound annual growth rate of 56 per cent in revenue and 180 per cent in net income,” he said. “The made-to-order tea market in Malaysia has been growing over 20 per cent in the last few years and the beverage chain per million population remains under-penetrated when compared with peers in the region and developed countries,” he added.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European shares hold near peaks; travel stocks shine on recovery prospects | Malay MailFRANKFURT, June 10 ― European stocks remained near record highs yesterday, with investors holding off on taking big bets ahead of a policy decision from the European Central Bank and a US inflation reading later this week. The pan-European STOXX 600 index closed 0.1 per cent higher, but stayed...
Source: malaymail - 🏆 1. / 86 Read more »