Bain Capital to buy bubble tea chain Gong Cha
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US private investment firm Bain Capital has agreed to acquire bubble tea chain Gong cha Global from private equity firm TA Associates and other shareholders, reports Caixin. The deal comes as Gong cha, after exiting the Chinese mainland market in 2024 following a prolonged struggle with trademark disputes and copycats, shifts its focus to overseas markets […]
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