PE fund Creador takes up 30% stake in Tealife owner Loob Holding
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 ...
Source: thestar.com.my
