VF Franchise Consulting

Tealive China aiming for 500 stores

Jun 15, 2018


Malaysia’s Loob Holding has entered into a JV with two Chinese companies to introduce 500 Tealive China stores within three years.

It will take a 51 per cent majority stake in the venture, which will be known as Shanghai Loob Boduo Food and Beverage Co. Its partners are Zhejiang Boduo International (43 per cent) and Shanghai Panfei International Trade (6 per cent).

Boduo will contribute its strengths in supplying raw materials, warehousing, network and real estate, while Panfei will supply equipment.

Loob Holding CEO Bryan Loo says the first Tealive outlet will open in Shanghai in September before more stores are added in other cities. The world’s largest tea market, China will be the fourth overseas market for Tealive. Latest indicators estimate the market for tea in China has exceeded US$21 billion.

“Barely six months after the birth of Tealive, we took the brand to Vietnam and now have five outlets.

We open our first store in Australia next month, and just last month we appointed our master franchisee in India and are targeting 140 outlets within five years.”

Source: Inside Retail Hong Kong.

[ Go back ]

Franchise Opportunities

Subscribe to VF Franchise Consulting

Never miss an update with the latest franchise news and opportunities.

Clicking SUBSCRIBE means you agree to our Terms and Conditions and that you have read our Privacy Policy.