Loob Holding founder and CEO Bryan Loo welcomed Creador as a strategic investor and partner, said the timing could not be better with Tealive’s plan to hit the 1, 000th store milestone in Malaysia in the next three years.
KUALA LUMPUR: Private equity fund Creador is taking a 30% stake in Loob Holdings Sdn Bhd, which is the owner of top regional lifestyle tea brand Tealive, for an undisclosed amount due to its impressive revenue and net income.
In a joint statement yesterday, both companies said they were confident the strategic partnership would take Loob to the next level, especially given Creador’s track record in aiding its investee companies with regional growth.
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
