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

  • 📰 malaymail
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 86%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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. In a statement today, Creador founder and chief executive officer (CEO) Brahmal Vasudevan said the firm chose Loob to be its first...

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria 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 »