Aiko TanakaFood
Nestlé Sells Holistic Health Supplement Business to Yellow Wood for $1.4 Billion
Private equity firm Yellow Wood Partners takes control of the mainstream vitamins portfolio as the Swiss food group trims non-core categories.
Asia retail M&A
Who is buying whom in Asian retail
Acquisitions, mergers, buyouts, stake sales and funding rounds that change who owns the shelf — from convenience chains and grocers to bubble tea, beauty and e-commerce.
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About this desk
Ownership is the story behind every other retail story
When a convenience chain in Tokyo changes hands, when a Southeast Asian grocery group sells a stake to a global fund, when a bubble-tea brand raises a round it plans to spend on store openings — those are not finance stories. They are the reason ranges change, stores close, suppliers get swapped and executives move.
This page gathers every ownership story we publish across Asia in one place, and connects each one to its structured record in the Deal & Expansion Tracker — parties, markets, value, status and source — so a headline you read here becomes an entry you can act on there.
- Primary sources firstExchange filings, regulator notices and company statements before press aggregation. If it is only reported, we say so.
- Structured recordEvery deal is logged in the Deal & Expansion Tracker with parties, markets, value, status and a link to the original story.
- Follow-throughDeals do not end at announcement. We track approvals, completion and the integrations that decide whether they worked.
What we track
Mergers & acquisitions
Full takeovers and agreed mergers — the transactions that redraw market share overnight, from convenience-store consolidation in Japan to grocery platform roll-ups in Southeast Asia.
Stake sales & carve-outs
Minority and majority positions, strategic investments and non-core divestments. Often the first signal that a larger reshuffle is coming, so we track them as closely as outright sales.
Buyouts & take-privates
Private equity moves on listed retailers, founder buybacks and delistings. These deals change who answers for strategy — and usually precede a restructuring.
Funding rounds
Growth capital for retail and consumer platforms. We cover rounds that change a company's expansion capacity, not seed cheques for pre-launch concepts.
Latest deal coverage
Rajiv MenonFood
Temasek and ChrysCapital Compete to Buy 33 per Cent Stake in India’s Blue Tokai
The proposed deal values the Indian specialty coffee chain at up to 3,700 crore rupees as it prepares to expand across India, the UAE and Japan.
Aiko TanakaGeneral
New Zealand Clears Kimberly-Clark Kenvue Deal with Feminine Hygiene Divestment
Antitrust approval requires Kimberly-Clark to sell off Kenvue’s regional feminine care portfolio, including Carefree and Stayfree, across New Zealand and Australia.
Wei ZhangGeneral
Singapore’s Rubber King Dynasty Sells Prime District Plot for $453M, Paving Way for Residential Development
A piece of land in Singapore, associated with the family of the city’s late “rubber king,” Lee Kong Chian, has been sold for S$578 million (US$453 million). The 18,860-square-meter property, located at 8 Thomson Lane, was sold bearing a 105-year leasehold…
Minjun ParkFood
Minor Group Takes Global Reins: Acquires Full Ownership of Korean Chain Bonchon
Thailand’s Minor Group is set to acquire the remaining stake in Bonchon, a South Korean restaurant chain, thereby becoming its global owner. Headquartered in Bangkok, Minor Group has a significant presence in the restaurant industry with ownership of The…
Minjun ParkFood
Bain Capital Acquires Bubble Tea Giant Gong Cha for $635 Million in Surprise Deal
Private equity firm Bain Capital has successfully completed the acquisition of the global bubble tea franchise, Gong Cha, a deal estimated to be worth around US$635 million. This figure falls significantly short of the $2 billion valuation that was initially…
Maria SantosFinance
Bain Capital Acquires Global Bubble Tea Giant Gong Cha in $635 Million Deal
Private equity firm Bain Capital has finalized the purchase of the globally recognized bubble tea franchise, Gong Cha, in a deal worth roughly $635 million USD. This acquisition comes after widespread speculation concerning the future of the well-known…
Wei ZhangFood
Yum China Acquires Pizza Hut: Record Revenue, Store Expansion, and Surging Delivery Sales Drive Q2 Growth
After operating as a licensee for 36 years, Yum China is poised to acquire full ownership of Pizza Hut in Mainland China. This substantial move was guided by the company’s impressive second-quarter earnings report, which revealed a 13% year-on-year increase…
Sarah ChenE-Tailing
Fast-Fashion Titan Shein Acquires Everlane in $100M Deal: A New Dawn in US Apparel Retail
Fast-fashion digital platform, Shein, is set to acquire Everlane from its predominant owner, L Catterton, in a transaction that estimates the US-based clothing retailer at roughly US$100 million. As part of the agreement, those possessing common stock in…
Rajiv MenonFood
US-Based Carlyle Group Acquires KFC Korea: Sets Sight on Nationwide Expansion
The US-based private equity firm, The Carlyle Group, has successfully acquired KFC Korea. With this acquisition, the firm aims to expand the existing 200-store portfolio of the popular restaurant chain in South Korea. The deal, which was initially announced…