The acquisition comes as Gong cha, after retreating from the Chinese mainland, seeks growth in overseas markets while facing intensifying competition from rapidly expanding rivals
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Founded in Taiwan in 2006 and now headquartered in the U.K., Gong cha operates nearly 2,200 stores across 33 markets under an asset-light franchise model. Photo: VCG
Aug 6 : Bain Capital said on Thursday it will acquire bubble tea chain Gong cha from TA Associates and other shareholders,…
The transaction is expected to close in the fourth quarter of 2026. Read more at straitstimes.com. Read more at straitstimes.com.
Bain Capital announced it will acquire Gong cha as MBK faces regulatory pressure in South Korea.
The bubble tea brand has standardized its supply chain playbook by moving to a direct franchising system, according to Alan…
Martin Berry turned Gong Cha from a small Taiwanese tea franchise into a global bubble tea brand with more than 2,000 stores.
Gong cha Makes Maine Debut with First-Ever Location in South Portland, Expanding Premium Bubble Tea Brand's U.S. Footprint
