From local ice cream parlour to global food behemoth: What’s next after Jollibee’s acquisition of Tim Ho Wan?

From local ice cream parlour to global food behemoth: What’s next after Jollibee’s acquisition of Tim Ho Wan?From local ice cream parlour to global food behemoth: What’s next after Jollibee’s acquisition of Tim Ho Wan?

Titan Fund also owns and operates Singapore businesses Common Man Coffee Roasters and Tiong Bahru Bakery. He said Tim Ho Wan is attractive to Jollibee because of its Michelin-starred reputation. One of the chain’s Hong Kong restaurants was awarded one star and included in the Michelin guide. The family business initially sold ice cream in the streets of Manila before pivoting to hot meals and taking on its current name three years later.

Chowking had 162 branches when it was acquired in 2000, and that number has now grown to 566, he said. And Mang Inasal has 573 stores, up from 303 when Jollibee took over in 2010.

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