Loob Holding eyes Tealive chain expansion into Indonesia by year-end

Loob Holding Sdn Bhd founder and chief executive officer Bryan Loo

KUALA LUMPUR: Loob Holding Sdn Bhd, which owns the Tealive bubble tea brand, aims to penetrate the Indonesian market by year-end provided that it manages to hit its 100-Tealive-stores target in the Philippines by the third quarter (3Q) of 2024.

Founder and chief executive officer Bryan Loo said the company has established 57 Tealive stores in the Philippines and plans to open 43 more stores there by 3Q.