Is CBTL owned by Jollibee?
The Jollibee Group acquired CBTL in 2019. The acquisition of the specialty coffee and tea brand was the company’s largest and most multinational so far with business presence in 24 countries. Currently, CBTL has 1,172 stores worldwide as of February 2024. The Coffee Bean & Tea Leaf® is owned by Philippine MNC Jollibee Food Corporation and has over 65 team members driving global operations from Singapore.
Is Tim Ho Wan owned by Jollibee?
Tim Ho Wan is a Michelin-starred Cantonese-style dim sum restaurant that is famous for its pork buns. Jollibee Group, through our subsidiary Jollibee Worldwide Pte. Ltd. JWPL), owns 92% participating interest in Titan Dining LP, a private equity fund that ultimately owns the Tim Ho Wan brand. Tim Ho Wan (Chinese: 添好運) is a Hong Kong dim sum restaurant chain. Known previously for being the world’s cheapest Michelin-star restaurant, the chain has since expanded and now has franchises in 12 countries.