Jollibee｜Tim Ho Wan｜Acquisition｜Jollibee, the well-known Filipino fast food company giant, announced on November 7 that it will fully acquire Hong Kong Michelin-starred dim sum chain Tim Ho Wan! The transaction amount was Singapore dollars 20.2 million (or HK$117.6 million) to acquire the remaining 8% shares of Tim Ho Wan, which aroused heated discussion.
On November 5, 2024, Jollibee Foods Corporation (JFC) announced that it had completed the comprehensive acquisition of Tim Ho Wan, a well-known Hong Kong dim sum chain brand, and will completely take over the ownership and management of the company. Upon completion of the transaction, Tim Ho Wan will be integrated into the Jollibee Group’s brand portfolio and become its flagship brand for Chinese cuisine.
Tim Ho Wan was founded in 2009 by two chefs, Mike Kuipei and Liang Huiqiang, the former dim sum supervisors of Chinese restaurant Lung King Heen at the Four Seasons Hotel. The brand is famous for its high-quality and affordable dim sum. It was quickly recognized with one Michelin star. Because of its affordable price, it is known as the “cheapest Michelin restaurant in the world”. Currently, Good Luck has about 80 branches around the world, spread across 11 countries.
In fact, Jollibee started its plan to acquire Tim Ho Wan in 2018. In January this year, the company already held 92% of Tim Ho Wan’s shares. After the news came out, everyone was hotly debated. Some netizens were worried that the quality of Tim Ho Wan’s food would be affected as a result. Generally, opinions were not optimistic.
Source:edge／Malaymail／timhowan／Jollibee
Additional screenings at the same scene:
Some netizens shared on the Facebook social platform McDonald’s Concern Group (Hong Kong) 🇭🇰 that there was a video of a suspected McDonald’s manager and employees chatting in public in the McDonald’s dining area. In the clip, there is a man in gray and a woman in yellow looking intimate. The woman in yellow is sitting in the arms of the man in gray, her left hand is stroking the hair of the man in gray on her chest, and her right hand is around the man’s neck; while the man in gray is hugging Huang with both hands. The girl in the yellow shirt would touch her side breasts and back with her hands from time to time, and her whole head would be close to the breasts of the girl in the yellow shirt, which was quite hot.
$36 value package deal
From November 4 to 8 (Monday to Friday), McDonald’s App users can enjoy an exclusive $36 value-for-money set meal. The three set meals include $36 double-decker fish fillet set, $36 double-decker pork fillet and egg burger set and $36 wheat. Le Chicken (6+6 pieces) set, double taste brings double up joy! Starting from the same day, users can also enjoy various favorite delicacies at great prices during dinner with the “$5 discount on designated value-for-money set meals”.
The Signature Collection Offer
Breakfast discount (available from 4 a.m. – 11 a.m.)
The new crispy fried chicken drumsticks breakfast series is now available. The set menu includes crispy chicken drumsticks, scrambled eggs, crispy hash browns, and waffles. From Monday to Friday, you can get a package and a drink starting from only $22. The package can choose from fried double egg dumpling, pork fillet egg burger or fish fillet dumpling. The weekend breakfast coupon for two is applicable to the Tomato Soup Twisted Noodles series morning set, so you must have a Good Morning during the holidays!
Lunch discount (available from 11am – 12 midnight)
Afternoon tea discount (available from Monday to Friday, 3pm – 6pm)
This week’s $20 afternoon tea includes Fish Fillet, McChicken Chicken, Crispy Chicken Wings, or McChicken Fried Chicken for a light meal.
Dinner offer (valid from 6pm – 12 midnight)
Friends who like to eat fried chicken are in for a treat! From Monday to Friday, you can use the “$108 McC’s Fried Chicken Sharing Bucket Meal for Two” coupon, which includes McC’s Fried Chicken, 2 packs of medium fries, 2 pieces of apple pie and 2 drinks.
McCafé offer (available from 6 a.m. to 12 midnight)
Hong Kong City Brewing is committed to following ancient brewing techniques while incorporating modern craft brewing concepts. They emphasize the use of local raw materials to support Hong Kong’s local agriculture and economic development. The “Honeymoon” sparkling mead series launched in 2021 uses a variety of honey produced by local apiaries, such as Baihua honey, longan nectar, etc., making the series The drink combines the aroma of champagne with the sweetness of honey. It can be seen that Hong Kong City Brewing is a brand full of creativity and local characteristics.
However, Hong Kong City Brewing, which has been established for ten years, recently announced that it will close the winery at the end of the year, and some products will need to be discontinued immediately, which makes many people deeply regretful:
The (Delicious) Acquisition: Jollibee Snags Dim Sum Delight Tim Ho Wan!
Let’s take a moment, shall we? Mission Impossible has nothing on Jollibee’s latest acquisition—suddenly, they are moving into the culinary world with less of a “dinner party” vibe and more of a “feast for the ages” energy. On November 7, Jollibee, the Filipino fast-food titan that’s as recognizable as… well, let’s face it, the yellow chicken mascot, announced that it’s officially taken the plunge and fully acquired the famous Tim Ho Wan dim sum brand. For a mere $20.2 million Singapore dollars—just shy of HK$117.6 million—we can all agree that it’s less of a price tag and more like an all-you-can-eat buffet ticket!
Tim Ho Wan: The Star of the Show
Founded in the bustling food scene of Hong Kong in 2009 by chefs who clearly know their way around a dim sum cart, Tim Ho Wan quickly rose to fame. Remember when you saw a Michelin star and thought, “Wow, this must be some high-falutin’ stuff?” Well, it turns out they cracked the code with a Michelin star while keeping their prices so low that even your college roommate could afford to dine there! That’s right—this is officially dubbed “the cheapest Michelin restaurant in the world.” As if dining out needed to get any better.
The Integration: A Dim Sum Family Reunion
After years of flirting—let’s be real, it started in 2018—the relationship is now officially committed. On November 5, 2024, Jollibee announced they completed the acquisition, making them the proud step-parents of this top-notch dim sum brand. Now, Tim Ho Wan will strut its stuff under the Jollibee Group umbrella and become their flagship mark for Chinese cuisine. We can only imagine the dinner table conversations now: “Honey, are we having chicken joy with a side of pork buns?”
What’s Cooking? Concerns and Cheers
With change comes concern. Some netizens are raising their eyebrows (and perhaps a few chopsticks) at the thought of this merger. Will the quality dip? Are we suddenly in a dim sum twilight zone? The jury’s still out, and much like a hot pot, everyone’s having their say—some optimistic, others rather cynical. It’s like when your favorite band goes mainstream after a record deal; you get a bit nervous about their new sound!
The McDonald’s Side Dish: What a Surprise!
And just when you thought it was all about Jollibee, we got a juicy sidestory here! In the same breath as the Jollibee-Tim Ho Wan galas, McDonald’s is launching a series of new promotions and—wait for it—steamy interactions among its employees that have gone viral. Looks like even fast-food managers are serving up drama right alongside french fries. Clearly, no restaurant is immune to a side of gossip!
Ordering Up Specials: Who Doesn’t Love a Deal?
And if you’re not sold on the new Tim Ho Wan trajectory, just pop over to McDonald’s! They’re tempting users with $36 value-for-money set meals and delightful breakfast deals. Can we get an ‘Amen’ for those chicken drumsticks? $22 breakfast packages featuring hearty meals and fried dumplings sound more like a culinary choir than food orders!
To Sum It Up
In conclusion, we can expect some exciting, if slightly chaotic, culinary shifts ahead. We’re all included in this flavor rollercoaster—grab your chopsticks and fast food bags, folks! Whether you’re Team Jollibee, Team Tim Ho Wan, or just Team “give me all the food,” it seems the food scene will be anything but dull. And let’s keep our fingers crossed that this delicious partnership results in a feast of epic proportions!
Jollibee, the iconic Filipino fast-food powerhouse, made a significant announcement on November 7, revealing its intention to fully acquire the prestigious Hong Kong dim sum chain, Tim Ho Wan! This acquisition will involve a transaction valued at an impressive Singapore dollars 20.2 million (approximately HK$117.6 million) for the remaining 8% shares of Tim Ho Wan, sparking intense discussions among food enthusiasts and industry analysts alike.
On November 5, 2024, Jollibee Foods Corporation (JFC) confirmed the successful completion of its comprehensive acquisition of the renowned Tim Ho Wan, which is celebrated for its exquisite dim sum offerings. With this acquisition finalized, Jollibee will assume total ownership and management of the brand, integrating Tim Ho Wan as a key component of its diverse brand portfolio, positioning it as the flagship for Chinese culinary delights under the Jollibee Group.
Tim Ho Wan, established in 2009 by culinary visionaries Mike Kuipei and Liang Huiqiang, gained fame as high-quality, affordable dim sum specialists. Rapidly earning recognition with a Michelin star, the restaurant chain prides itself on being dubbed the “cheapest Michelin restaurant in the world.” Currently, Tim Ho Wan boasts a robust presence, with around 80 branches globally across 11 countries, drawing in countless dim sum lovers and food critics.
In fact, Jollibee embarked on its journey to acquire Tim Ho Wan as early as 2018. By January of the current year, Jollibee had already secured an impressive 92% of Tim Ho Wan’s shares. The news of this final acquisition stirred heated debates online, as some netizens expressed concerns about the potential impact on the quality of Tim Ho Wan’s famous dishes under new management. Overall, there appears to be a prevailing sense of skepticism regarding the future direction of the beloved dim sum brand.
E renowned dim sum chain Tim Ho Wan for approximately SGD 20.2 million (around HKD 117.6 million). This acquisition symbolizes Jollibee’s commitment to diversifying its menu and strengthening its footprint in the Asian culinary landscape, particularly in the realm of Chinese cuisine.
### Key Highlights of the Jollibee and Tim Ho Wan Acquisition:
1. **A Match Made in Culinary Heaven**:
– Since its inception in 2009, Tim Ho Wan has garnered a reputation as “the cheapest Michelin-star restaurant in the world,” thanks to its exceptional dim sum offerings at affordable prices. This acquisition is set to elevate Jollibee’s dining experience by incorporating Tim Ho Wan’s beloved dishes into their lineup.
2. **The Dim Sum Legacy**:
- Tim Ho Wan was founded by chefs with a passion for traditional dim sum, rapidly becoming a household name in Hong Kong and beyond. The brand is known for its quality dishes, such as BBQ pork buns and steamed dumplings, all while maintaining a casual dining vibe.
3. **What’s Next for Tim Ho Wan**:
– With Jollibee now at the helm, there’s excitement about what this fusion of influences might bring. Fans of both brands are eager to see if Tim Ho Wan will maintain its commitment to quality and price. Will new items appear on the menu? How will Jollibee integrate this culinary gem into their global strategy?
4. **Consumer Reactions**:
– As with any merger, consumer opinions are mixed. Some excitement is palpable, while others express concern over potential changes in Tim Ho Wan’s signature offerings. The community eagerly awaits further developments, hoping to preserve the authenticity that made Tim Ho Wan a star.
5. **McDonald’s Side Promotions**:
– Meanwhile, in a parallel story, McDonald’s is also making waves with enticing meal promotions and breakfast deals, creating a vibrant fast-food atmosphere. The competition in the food scene is heating up, with both McDonald’s and Jollibee vying for customer attention through superior value deals.
### Conclusion:
the Jollibee acquisition of Tim Ho Wan marks a significant moment in the fast-food and casual dining sectors. As changes unfold, both brands have the potential to enchant food lovers and redefine the dining experience for many. Fans of dim sum and fast food alike are urged to stay tuned for the delicious developments ahead.
