Despite the Covid-19 pandemic, Creador founder and CEO Brahmal Vasudevan said pointed out Tealive’s multi-format outlets, which include shoplots as well as outlets in malls and petrol kiosks, and its omnichannel offerings via food delivery platforms have helped it maintain a stellar performance.
KUALA LUMPUR: Private equity fund Creador is taking a 30% stake in Loob Holding Sdn Bhd which is the owner of top regional lifestyle tea brand, Tealive, due to its impressive revenue and net income.
In a joint statement on Thursday, both companies were confident the strategic partnership would take Loob to the next level, especially given Creador’s track record in aiding in the regional growth of its investee companies.
The Edge has learnt that Loob Holding Sdn Bhd the holding company of bubble tea brand Tealive has sold a strategic stake of 30% to private equity (PE) firm Creador. According to sources, the price was in the RM260 million range.
Tealive cashes in on student population with new store at Affin Bank Details 09 April 2021
Tealive has integrated its Tealive 3.0 concept store into one of Affin Bank s branches situated within Universiti Teknologi MARA (UiTM) Puncak Alam campus. The new store features a dedicated bakery corner, Tealive Eats, and self-order standees at the entrance where customers are able order and pay online before going in and collecting their orders.
Loob Holding s founder and CEO Bryan Loo described Affin to be a progressive banking group and that its tagline Always About You is in line with Tealive s promise of Always More Than Tea . Separately, he told
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Cambodia will be Tealive’s eighth market after Malaysia, Vietnam, Myanmar, Brunei, the Philippines, Australia and the UK. Photo courtesy of Tealive
SE Asian tea brand to make Cambodia debut
Wed, 3 March 2021
The Southeast Asian tea brand Tealive is set for a debut on the Cambodian market with 25 outlets planned over the next five years, Malaysian government news agency Bernama said on March 3.
Malaysia’s Loob Holding Sdn Bhd (LHSB) has penned a master franchise agreement with the Kingdom’s HSC Group.
The company said the Kingdom would be its eighth market after Malaysia, Vietnam, Myanmar, Brunei, the Philippines, Australia and the UK, according to Bernama.
Tealive to venture into Cambodia thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.