Oldtown

Retail Asia05/06/2023

The Philippines becomes OldTown White Coffee’s fourth international market, after Singapore, Indonesia and Hong Kong, with the coffee chain also targeting further outlet growth across Malaysia in the second half of 2023 The Ipoh-based coffee chain, which has approximately 200 outlets across Malaysia, joins The Coffee Bean & Tea Leaf, CoCo Fresh Tea & Juice, Tealive and Wouldulike Specialty […]

Retail Asia14/03/2018

Jacobs Douwe Egberts Holdings Asia NL BV (JDE) has extended the closing date of its takeover offer for OldTown Bhd to March 20. According to a circular issued by CIMB Investment Bank Bhd, the terms and conditions of the offer remain unchanged and the level of acceptances of the offer stood at 83.75% on March […]

Retail Asia13/12/2017

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 […]

Retail Asia17/01/2017

Food chain PappaRich Malaysia is considering a Singapore IPO, possibly this year. Insiders say the company, which opened its first restaurant in Malaysia in 2006, aims to achieve a valuation of at least S$200 million (US$140 million) in the share sale. PappaRich would follow other Southeast Asia-based restaurant chains including ABR Holdings, which runs Swensen’s […]

Tag: Oldtown

Malaysian coffee chain OldTown White Coffee enters The Philippines

Offer for OldTown extended to March 20

OldTown shareholders agreed to accept JDE offer

PappaRich Malaysia considering IPO