Jollibee Foods Corporation will soon fully take over Tim Ho Wan with its move to buy out partners in the fund owning the dim sum restaurant chain.
Titan is the private equity fund ultimately owning the Tim Ho Wan brand and company-owned stores. THW currently has 53 outlets in Asia, composed mainly of franchised stores primarily in Singapore, Taiwan, the Philippines and Hong Kong. “JFC aims to build as an important part of its portfolio a significant business serving Chinese cuisine in different parts of the world,” it said. JFC has four other brands serving Chinese cuisine under its roster: Chowking, Yonghe King, Hong Zhuang Yuan and Panda Express.
No wonder there’s been changes to the food…
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