Retail Asia13/12/2017
2min0
Malaysian cafe chain and coffee manufacturer OldTown is about to sell a majority shareholding to Jacobs Douwe Egberts (JDE) for about US$361 million. It is part of a move by the global coffee and tea company to expand its coffee empire. OldTown, which has 232 outlets, mostly in Malaysia, says shareholders holding about 51.45 per […]